Breakthroughs and everyday innovations from the year.
HEADLINES ON April 13, 2009
Full News Archive
- Headline: Rise of Hyperlocal News Websites. Impact: The rise of hyperlocal websites led to the decline of traditional newspapers, triggering a national obsession with artisanal news delivery. Little did they know, this would eventually lead to a generation convinced that their tweets were equivalent to breaking news.. Fact: Isn't it cute how we thought hyperlocal meant just our neighborhood? Now it's just another way to say 'my uncle's Facebook posts.'.
- Headline: Newspaper Paywalls: A Digital Shift. Impact: The newspaper paywall revolution paved the way for a new breed of internet trolls, who realized that if they couldn't read the news for free, they could just spread misinformation instead. Thanks for that, journalism!. Fact: Newspaper executives were shocked to find that charging for content didn’t magically make people want to pay. Who knew?.
- Headline: Boston Globe's Threat Sparks Civic Response. Impact: The Boston Globe's potential closure sparked a movement of civic engagement that led to countless community meetings. If only they had known that the internet was about to make these meetings obsolete with 'virtual rage' instead.. Fact: People got so passionate about their local newspaper that they forgot to notice their local baseball team was losing. Priorities, right?.
- Headline: In Switch, Magazines Think About Raising Prices. Impact: Magazines raising prices inadvertently led to a boom in DIY magazine production, where people started creating their own zines about the overpriced avocado toast they could no longer afford. Trendsetting at its finest!. Fact: Raising magazine prices is like putting a 'do not enter' sign on a buffet. Spoiler alert: people will still sneak in!.
- Headline: ‘Surgical’ Bankruptcy Possible for G.M.. Impact: General Motors' looming bankruptcy prompted a wave of corporate bailouts, setting a precedent that would eventually lead to the phrase 'too big to fail.' This moment, my friends, was the birth of corporate entitlement.. Fact: Who knew that a car company going bankrupt could teach us all that failure has a safety net? Maybe we should all take notes!.
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Netflix - If you invested $1,000 in 2009, it would be worth $220,288 today (220.3x return)