Business & Money

Fascinating facts about commerce, economics, money, and the business world.

Ticketmaster was Caught Recruiting Resellers to Scalp Their Own Tickets

Business & Money Ticketmaster was Caught Recruiting Resellers to Scalp Their Own Tickets January 3, 2023

Business & Money The Founder of Sony Hired a Very Outspoken Critic of Their Products so They Could Make Better Products. After Twenty Years, the Critic, Norio Ohga, became Sony's President. December 30, 2022
Business & Money In the 1900s, Marvel Released Their Financial Reports in Comic Book Form. The Comics Featured Characters Like Spider-Man and The Incredible Hulk Discussing Revenue Sources and Business Plans. December 30, 2022
Business & Money Peter Roberts Invented a Quick-Release Ratchet When He was A Teenager. He Sold His Patent to Sears for $10,000. They Said His Invention Was Not Worth Much, But They Made $44 Million Selling the Ratchet. Roberts Sued Them and Got $1 Million. December 30, 2022
Business & Money High-Priced College Textbooks Bundled with Access Codes That Expire at the End of the Semester Forced Students to Buy Books at Retail Prices. These Books are Rendered Worthless in the Resale Market. December 22, 2022
Business & Money Despite Being Founded in the Same City, in the Same Year, and Having the Same Name, Hershey's Ice Cream and Hershey's Chocolate Have No Affiliation. December 19, 2022
Business & Money Country Time Lemonade Once Offered Free Legal Assistance When Children’s Lemonade Stands Were Being Ticketed by Local Authorities. December 19, 2022
Business & Money A Harvard Study Found Out That Hiring One Highly Productive Yet Toxic Worker Does More Damage to A Company Than Hiring Several Less Productive but More Cooperative Workers. December 14, 2022
Business & Money James Lick, an Entrepreneur, Arrived in San Francisco with 600lbs of Chocolate to Sell in 1848. He Then Encouraged His Friend Domingo Ghirardelli to Start His Own Chocolate Company in the US. December 7, 2022
Business & Money CarMax was Originally Founded by the Now-Defunct Consumer Electronics Company, Circuit City. November 18, 2022
Business & Money One of the Earliest and Most Iconic Nike Shoe Tread is the Waffle Sole. Bill Bowerman Conceptualized the Design by Pouring Rubber Into His Wife’s Belgian Waffle Iron. November 10, 2022
Business & Money Ireland Limits Taxation on Writers, Artists, Composers, Painters, and Other Creatives for Their Contribution to Culture. November 1, 2022
Business & Money Jamie Siminoff Founded the Company Doorbot in 2013. He Went on Shark Tank to Raise $700,000. He Refused Kevin's Offer, Rebranded His Company to "Ring", and Sold It to Amazon for $1.2 to $1.8 Billion. October 30, 2022
Business & Money The Razor and Blades Business Model is Used to Describe a Product Sold at a Low Price to Increase Complementary Product Sales. October 24, 2022
Business & Money After the 1980s, Wine Coolers Dropped in Popularity in the US because the Excise Tax on Wine was Raised from $0.17 per Gallon to $1.07. This Made it Uneconomical for Wine Cooler Makers to Manufacture Their Product and Market it at an Affordable Price. October 22, 2022
Business & Money Sprite was originally a Fanta flavor. In 1959 Fanta released a lemon-lime flavor, and it was rebranded & became Sprite in 1961. October 19, 2022
Business & Money Pyramid Schemes or Multi-Level Marketing Businesses are Technically Illegal Because of Market Saturation. October 13, 2022
Business & Money Coca-Cola Sells About 1.9 Billion Drinks in a Single Day Worldwide. October 7, 2022
Business & Money Warren Buffet Did Not Reach His First Billion Until He was in His 50s. His Current Net Worth is Around $100 Billion. October 6, 2022
Business & Money Mars Incorporated, the Maker of Snickers, Milky Way, M&Ms, Skittles, and Other Candies, is Owned by the Mars Family. They are Reclusive and Rarely Participate in Interviews. As of 2020, the Combined Wealth of the Family Amounted to $125 Billion September 29, 2022