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9 most interesting facts from the world of Businesshttps://www.businessinsider.in/9-most-interesting-facts-from-theworld-of-business/everybody-knows-about-coke/slidelist/51939301.cms2016-04-22T12:55:47+05:30

9 most interesting facts from the world of Business

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Apr 22, 2016, 12:55 IST

Everybody knows about Coke!

Everybody knows about Coke! — The red and white Coca-Cola logo is recognized by 94% of the world’s population.

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Speaking of competition

Speaking of competition — Apple’s iPad retina display is actually manufactured by Samsung.

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Customer comes first

Customer comes first — Amazon employees spend two days every two years working at the customer service desk. Even the CEO does that! This is to help all workers understand the customer service process.

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100 Richest = 4*World Poverty

100 Richest = 4*World Poverty — In 2012, the 100 richest people in the world earned enough money to end world poverty four times over.

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Yahoo's more than 'Yahoo'

Yahoo's more than 'Yahoo' — 'Yahoo' is actually an acronym for “Yet Another Hierarchical Officious Oracle.”

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Don't sell your shares prematurely

Don't sell your shares prematurely — Ronald Wayne, the third founder of Apple alongside Steve Jobs and Steve Wozniak, sold his shares for a mere $800 after 12 days in the company.

His stake, i.e. 10% of the company, would be worth $35 billion today with Apple's current valuation.

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Samsung is badass

Samsung is badass — Best known for consumer electronics, Samsung’s other business areas include weapons manufacturing, life insurance, and theme park management.

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$1 Million too costly for Google?

$1 Million too costly for Google? — In 1999, Google’s founders were willing to sell the company to a web portal called Excite for under $1 million.

However, Excite passed on the offer. The rest is history.

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Revenue by Gambling!

Revenue by Gambling! — 1. In 1974, FedEx was on the verge of bankruptcy. It was saved when the founder took the last $5,000 of the company's assets and turned it into $32,000 by gambling in Las Vegas. Today, FedEx is estimated to be worth $30 billion.

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