MySpace was purchased by News Corp for $580 million in 2005 and sold by News Corp for $35 million in 2011.
business
A customer closed his account in a bank…
A customer closed his account in a bank with more than a million dollars in it after they refused to validate his 50c parking ticket.
In feudal Japan merchants were the lowest class…
In feudal Japan, merchants were the lowest class because unlike farmers and artisans, they don’t actually produce anything.
A man who had half of his body…
A man who had half of his body amputated after being run over by a truck opened his own bargain supermarket, called the Half Man-Half Price Store.
The Coca Cola Company once tested a vending…
The Coca-Cola Company once tested a vending machine that raised prices in hot weather. This was back in 1999, when the Coca-Cola Company got the idea that people would be willing to pay a higher price for a nice cold drink when the weather is hot. Thus they developed and tested a vending machine that allowed them to test that idea. This technology would have also allowed vending machines to lower prices during times of low traffic in order to boost sales. But this special vending machine never did get released anywhere for unknown reasons.
When slaves were freed in the USA some…
When slaves were freed in the USA, some towns in the south would arrest young black men for not having a job and then sell them to corporations like US Steel as slaves for the duration of their sentence.
Facebook paid only .3 percent tax on ove …
Facebook paid only .3 percent tax on over $1b foreign profit using a tactic called the “Double Irish.” A number of companies (including Apple, Google, and Microsoft) do this. Sometimes you see it referred to as the “Double Dutch Irish”. Here’s a good graphic that demonstrates how it works.
Pepsi ran an advertisement promising a H …
Pepsi ran an advertisement promising a Harrier jet to anyone who collected 7,000,000 Pepsi Points, a gag that backfired when a participant attempted to take advantage of the ability to buy additional points for 10 cents each to claim a jet for $700,000.
When adjusted for inflation, the Dutch E …
When adjusted for inflation, the Dutch East India Company would be valued at about $7.4 trillion if it were still in business today, making it the most valuable company in history.
Halliburton once tried to patent patenti …
Halliburton once tried to patent patenting.