Breakthroughs and everyday innovations from the year.
HEADLINES ON September 19, 1988
Full News Archive
- Headline: Innovation in Food Retail Strategies. Impact: The underwhelming performance of food retailers led to the rise of hipster grocery stores, where quinoa and kale reign supreme. This shift resulted in an entire generation of health-conscious millennials who now believe that anything crunchy is automatically good for you, including overpriced granola.. Fact: Did you know that the average supermarket carries over 40,000 items? Yet somehow, I still can't find a decent avocado that isn't either rock hard or has seen better days..
- Headline: Insurer Rapoport's Focus on Social Good. Impact: This moment marked the beginning of corporate social responsibility, which eventually led to the bizarre trend of companies trying to sell you a cause along with their products. Now, every time you buy a t-shirt, you also end up supporting a cause, because who doesn't want to feel morally superior while shopping?. Fact: Did you know that before this, insurance was just a way to ensure your neighbors didn’t feel too bad about their own life choices? Now it’s a way for companies to look good on social media while selling you overpriced policies..
Wall Street Time Machine
AAPL
Apple
Apple - If you invested $1,000 in 1988, it would be worth $884,238 today (884.2x return)
MSFT
Microsoft
Microsoft - If you invested $1,000 in 1988, it would be worth $2,037,337 today (2037.3x return)