Home » News » Business News

Business News

At the peak of the financial crisis of 2008 Volkswagen became the most valuable company in the world for one day despite being on the brink of bankruptcy

Hedge funds lose $30 billion on VW infinity squeeze Volkswagen Infinity Squeeze. The October 2008 short squeeze on shares of Volkswagen AG has since been referred to as the “Mother of all Squeezes”. It was also perhaps the earliest use of the term “Infinity Squeeze”. It was during the middle of the worst financial crisis …

At the peak of the financial crisis of 2008 Volkswagen became the most valuable company in the world for one day despite being on the brink of bankruptcy Read More »

Apple co-founder Steve Wozniak has disdain for money and large wealth accumulation. In 2017 he said he didn’t want to be near money, because it could corrupt your values. When Apple went public, Wozniak offered $10 million of his stock to early Apple employees, something Jobs refused to do.

Steve Wozniak Not to be confused with Steven Woznick. Stephen Gary Wozniak (/ˈwɒzniæk/; born August 11, 1950),(p18)(p27) also known by his nickname “Woz”, is an American electronics engineer, programmer, philanthropist, and technology entrepreneur. In 1976, he co-founded Apple Inc. with business partner Steve Jobs, which later became the world’s largest information technology company by revenue …

Apple co-founder Steve Wozniak has disdain for money and large wealth accumulation. In 2017 he said he didn’t want to be near money, because it could corrupt your values. When Apple went public, Wozniak offered $10 million of his stock to early Apple employees, something Jobs refused to do. Read More »

Steve Jobs never coded for Apple. According to Apple co-founder Steve Wozniak, he didn’t do any original design and one of Apple’s earliest employees also stated that Woz was the inventor while Jobs was the marketing person.

Steve Jobs This article is about the person. For other uses, see Steve Jobs (disambiguation). Steven Paul Jobs (/dʒɒbz/; February 24, 1955 – October 5, 2011) was an American business magnate, industrial designer, investor, and media proprietor. He was the chairman, chief executive officer (CEO), and co-founder of Apple Inc., the chairman and majority shareholder …

Steve Jobs never coded for Apple. According to Apple co-founder Steve Wozniak, he didn’t do any original design and one of Apple’s earliest employees also stated that Woz was the inventor while Jobs was the marketing person. Read More »

The operation of the largest fraud in US history was fairly simple. Bernie Madoff deposited all his investors’ money into his Chase bank account and paid them off as necessary. At its height his account balance was over $5 billion. The scheme collapsed when he ran out of money.

Bernie Madoff “Madoff” redirects here. For other people with the same surname, see Madoff (surname). For the miniseries about Bernard Madoff, see Madoff (miniseries). Bernard Lawrence Madoff (/ˈmeɪdɔːf/; born April 29, 1938) is an American former market maker, investment advisor, financier and convicted fraudster who is currently serving a federal prison sentence for offenses related …

The operation of the largest fraud in US history was fairly simple. Bernie Madoff deposited all his investors’ money into his Chase bank account and paid them off as necessary. At its height his account balance was over $5 billion. The scheme collapsed when he ran out of money. Read More »

During the time of the Great Depression, a banker convinced struggling families in Quincy, Florida to buy Coca-Cola shares which traded at $19. Later, the town became the single richest town per capita in the US with at least 67 millionaires.

The Town of Coca-Cola Millionaires A small town in Florida was once the richest town per capita in the United States, all thanks to one shrewd businessman who urged his fellow townspeople to invest in Coca-Cola shares while they were still cheap. In the midst of the Great Depression of the ’20s and ’30s, a …

During the time of the Great Depression, a banker convinced struggling families in Quincy, Florida to buy Coca-Cola shares which traded at $19. Later, the town became the single richest town per capita in the US with at least 67 millionaires. Read More »

Warren Buffett plans on giving only a small fraction of his weath to his children when he dies, stating “you should leave your children enough so they can do anything, but not enough so they can do nothing.” He instead will donate nearly all of his wealth to charitable foundations.

Warren Buffett Warren Edward Buffett (/ˈbʌfɪt/; born August 30, 1930) is an American business magnate, investor, speaker and philanthropist who serves as the chairman and CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world and has a net worth of US$82.5 billion as of March 9, 2019, making …

Warren Buffett plans on giving only a small fraction of his weath to his children when he dies, stating “you should leave your children enough so they can do anything, but not enough so they can do nothing.” He instead will donate nearly all of his wealth to charitable foundations. Read More »