This Day in Business History: Charles Ponzi Arrested
August 12, 1920: On this day, Charles Ponzi was arrested on 86 counts of mail fraud and went down in infamy…
This Day in Business History
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This Day in Business History: “America’s First Supermarket” King ...
August 4, 1930: When Michael J. Cullen suggested to the management of Kroger, his employer at the time, that they reinvent…
This Day in Business History: The Mercantile Agency (later D&B) is Founded
July 20, 1841: On this date, Lewis Tappan founded The Mercantile Agency to collect business information such as sales estimates and…
This Day in Business History: Opening Day at Disneyland
July 17, 1955: On a sunny Anaheim, California Sunday afternoon, Walt Disney opens his first theme park, Disneyland. Offering 5 theme…
This Day in Business History: The First Walmart Opens
July 2, 1962: Sam Walton opens his first Walmart store in Rogers, Arkansas at the age of 44. Sam Walton was no…
This Day in Business History: Napster Initiates Ripple of Disruption in the Music I ...
June 1, 1999: The world’s first peer-to-peer music sharing site, Napster, launched on this date. Before Napster, music lovers were…
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This Day in Business History: Facebook IPOs
May 18 2012: Facebook started trading on NASDAQ as FB, with common stock priced at $38 per share. This gave Facebook a $104B valuation, nearly four times Google’s $23B valuation at it’s 2004 IPO. The IPO was notable for more...
This Day in Business History: Commercials for Last Episode of Seinfeld Priced at $2 ...
May 14 1998: Last episode of Seinfeld airs on NBC. Commercials are offered at $2M for 30 seconds. Seinfeld was slow to gain a following when it first aired on NBC July 5, 1989 but by its sixth season it was...
This Day in Business History: The Chunnel Opens
May 6, 1994: The “Chunnel,” a rail tunnel under the English Channel, officially opened. This 31 mile tunnel connects Folkstone, England with Sangatte, France. Construction began in 1988, with drilling commencing from both countries. The tunnel goes down as far...
This Day in Business History: Empire State Building Opens
May 1, 1931: The Empire State Building opens in New York City, standing as the tallest building in the skyline for 40 years. It is now the fifth tallest building in the United States and the 28th tallest building in...