Breakthroughs and everyday innovations from the year.
HEADLINES ON November 7, 2002
Full News Archive
- Headline: Starbucks Faces Loss in Japan for 2002. Impact: Starbucks financial woes in Japan made them rethink their entire strategy, which led to the introduction of the infamous 'Matcha Frappuccino'. Yes, folks, one bad investment led to a green drink that tastes like regrets.. Fact: Did you know that Starbucks once considered adding a 'Sadness Latte'? Just kidding, but they did have a rough patch in Japan..
- Headline: Virgin Blue Airlines Gains More Gate Access. Impact: Virgin winning gate access at Sydney Airport set off a chain reaction where airlines began throwing tantrums like children denied candy. This ultimately led to more airport drama and a rise in frequent flyer miles being spent on therapy.. Fact: Did you know that Virgin Blue was originally founded by Richard Branson to make flying just as enjoyable as a trip to the dentist? Spoiler: it didn’t work..
- Headline: Republican Victory After Political Struggles. Impact: Coleman's unexpected victory over Mondale after the Wellstone tragedy shifted the political landscape, leading to an odd chain of events where political underdogs suddenly thought they could win too. It's like a reality show nobody asked for.. Fact: Did you know that Norm Coleman once looked so politically dead that even zombies avoided him? And yet, here we are..
- Headline: Global Accounting Panel to Seek an Options Standard. Impact: The push for an options standard by the International Accounting Standards Board resulted in accountants finally getting their moment to shine. This led to a dramatic rise in 'Accounting is Cool' merchandise—yes, that's a real thing now.. Fact: Did you know that accounting was once considered a dull profession? Now, thanks to standards and regulations, it's the new rock 'n' roll! Just kidding, it's still pretty boring..
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)