Breakthroughs and everyday innovations from the year.
HEADLINES ON January 17, 2002
Full News Archive
- Headline: Samsung Reports Significant Profit Decline. Impact: The drop in Samsung's profits led to a series of unfortunate events: less funding for innovative tech, a slight delay in the invention of the smartphone that would eventually become a lifeline for bored millennials, and a spike in Korean fried chicken consumption as people sought comfort food.. Fact: Did you know that Samsung started as a grocery store in 1938? Imagine if they stuck to selling apples instead of TVs! The world might still be using rotary phones..
- Headline: Lindsey's Confident Stance on Enron's Stability. Impact: This moment of questionable foresight led to a massive corporate scandal that shook Wall Street, caused a few accountants to sweat profusely, and ultimately resulted in stricter regulations that made future economists consider using a crystal ball.. Fact: Enron was once considered one of the most innovative companies. Who knew that their innovation was just creative accounting and a few smoke and mirrors?.
- Headline: Britain's Unemployment Rate Insights. Impact: The rise in unemployment led to an increase in tea consumption as the British public turned to comfort in a cup, ultimately boosting the nation's tea industry while sparking an uprising of biscuit dunkers everywhere.. Fact: Britain has a long history of unemployment figures that could make for a thrilling soap opera. Tune in next week for 'As the Unemployment Rate Turns.'.
- Headline: World Business Briefing | Asia: Japan: Orders From Chip Makers Fall. Impact: The drop in chip orders caused a ripple effect that led to a shortage of electronics, forcing the world to rediscover the joys of face-to-face interaction instead of staring at screens. Just think, the world almost went retro for a hot second!. Fact: Japan's semiconductor industry has been around since the 1950s. So really, if they can't get it right after 70 years, should we even trust the robots they build?.
Wall Street Time Machine
NFLX
Netflix
Netflix - If you invested $1,000 in 2002, it would be worth $785,671 today (785.7x return)
AAPL
Apple
Apple - If you invested $1,000 in 2002, it would be worth $779,032 today (779.0x return)