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Business Facts
Business facts and facts about businesses.
18 facts on this shelf
What do Paul Revere and the penny have in common?
Paul Revere’s metals company once supplied the Mint with rolled copper for the production of early cents. Impressively, the company is still in business today making top quality aluminum siding.
Where does Warrent Buffett invest his money?
Billionaire Warren Buffett is a legendary investor who has amassed a huge fortune through plays in a wide range of industries.
He tends to favor companies with relatively simple businesses, strong management, consistent earnings, good returns on equity, and little debt.
What is an IPO?
Initial public offering (IPO) — The first time a company sells stock to the public. An IPO is a type of a primary offering, which occurs whenever a company sells new stock, and differs from a secondary offering, which is the public sale of previously issued securities, usually held by insiders. Some people say IPO stands for "Immediate Profit Opportunities." More cynicIt's Probably Overpriced."
What is one of the oldest companies in the world?
Japan's Kongō Gumi, a temple construction company founded in 578 CE, is one of the oldest continuously operating companies in history.
Did Gutenberg get rich from his invention?
Gutenberg didn't get rich from his invention. He lost a lawsuit to his investor, Johann Fust, who took over much of his printing business.
What was the Wright brothers' business before airplanes?
Before building airplanes, Wilbur and Orville Wright ran a bicycle shop in Dayton, Ohio, which paid for their flight experiments.
Why is the Ford F-Series so profitable?
The Ford F-Series is one of the most profitable vehicle lines in the world, and its sales would make it a major company on its own if it were separate from Ford.
Did Western Union pass on buying the telephone?
According to a popular story, Western Union turned down a chance to buy Alexander Graham Bell's telephone patent for $100,000, one of the worst business decisions in history.
What was Ediswan?
Thomas Edison and British inventor Joseph Swan merged their light bulb businesses in Britain to form a company called Ediswan.
What was the Phoebus cartel?
In 1924, major light bulb makers formed the Phoebus cartel and agreed to limit bulb lifespans to about 1,000 hours to boost sales.
Which major companies started in Washington?
Boeing, Microsoft, and Amazon were all founded in Washington.
How much did Merle Robbins sell Uno for?
Merle Robbins sold the rights to Uno for $50,000 plus royalties.
Who owns Magic: The Gathering?
Magic: The Gathering is made by Wizards of the Coast, which Hasbro bought in 1999.
Why did Target stop selling Pokémon cards in 2021?
Target temporarily stopped selling Pokémon cards in stores in 2021 because of overwhelming demand.
Which companies built the Transcontinental Railroad?
The Central Pacific built the Transcontinental Railroad from the west and the Union Pacific built it from the east.
Did Western Union turn down buying the telephone patent?
Western Union reportedly turned down a chance to buy Bell's telephone patent for $100,000, viewing the phone as a toy.
What is the oldest customer complaint?
The oldest known customer complaint, from around 1750 BC, is a clay tablet in which a man named Nanni complains to a merchant named Ea-nasir about low-quality copper.