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HEADLINES ON July 27, 2002
Full News Archive
- Headline: Citigroup's Dramatic Market Plunge Explained. Impact: Citigroup's rapid fall from grace is like a game of Jenga where everyone forgot which piece they pulled; one wrong move, and suddenly the whole thing collapses. Who knew that covering up debt could lead to such a spectacular public meltdown?. Fact: Did you know that 'trading a halo for headaches' sounds like a bad self-help book? Maybe Citigroup should've consulted a psychologist instead of a financial advisor..
- Headline: G.E. Is Breaking Its Largest Unit Into Four Parts. Impact: Breaking GE Capital into four parts is like splitting up the Avengers; each segment might be powerful on its own, but good luck getting them to work together when the world needs saving. This decision foreshadowed the chaotic landscape of corporate restructuring.. Fact: Did you know that every time a company breaks into parts, a corporate lawyer gets their wings? Or maybe just a new set of golf clubs..
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)