Somali Pirates set up an exchange (like a stock market) where people could buy shares in pirate groups to finance their operations. A 22 year old 'investor' made $75,000 in 38 days after joining the 'company' - after getting a share of ransom money.โ€ฆ
Veggie straws are actually worse for you than most potato chips on the market.โ€ฆ
Saran Wrap isn't as "clingy" is because it used to have a toxic chemical in it and they voluntarily removed it, costing them almost half their market shareโ€ฆ
The teen who sold a kidney for an iPhone is now attached to a dialysis machine. He suffered organ failure, and is likely to be bedridden for life after suffering renal deficiency. He could get a transplant for $336,000 AUD on the black market - more than 80 times what he received for his kidney.โ€ฆ
Stephanie Kwolek the inventor of Kevlar was working on finding a new, lightweight substitute for steel belting in automobile tires, on fears of a looming oil shortage and in anticipation of a market for lighter tires. What resulted was a new fiber five times stronger than steel by weight.โ€ฆ
Today I learned of the Phoebus cartel, which controlled the global lightbulb market for over 15 years and worked to remove long-lasting bulbs from the market in order for lightbulb manufacturers to profit moreโ€ฆ
Today I learned of the term "betamaxed" which is used to describe when a superior product loses out in the market to an inferior one as a result of marketing, influence or other factors unrelated to product quality.โ€ฆ
Da Vinci discovered that severing the spinal column of a frog resulted in instant death. But it seems he felt disturbed by hurting living things, stopped working on live animals, and became a vegetarian. In fact, he loved animals so much that he would buy birds at the market and let them go.โ€ฆ
In the 60s Dr.Pepper tried to market itself as a hot drink, to try and sell more in winter.โ€ฆ
Today I learned of "bone music": sold on the Soviet black market, etched onto discarded X-Raysโ€ฆ
Silly String was invented to be used as an aerosol spray to create an instant cast on broken and sprained bones. It worked, but while testing nozzles it was noticed it produced a 30' string. This inspired the inventor to change the formula to be less sticky, add color, and market it as a toy.โ€ฆ
In 2009, Tropicana invested $35 million to rebrand their Orange Juice packaging. Within two months of the change, sales dropped 20% and they lost significant market share before switching back to their original carton. The failed marketing experiment cost them over $50 million.โ€ฆ
: Another factor for the 1989 Tiananmen Square protest was the death of Chinese reformist Hu Yaobang and rapid market economic reform. and at their last stand, the protester sings the international socialist anthem to protest the Chinese leadership for betraying their original ideas.โ€ฆ
Audi had to use more durable horns in Indian-market cars, as their normal horns would have been unable to cope with the amount of honking Indian drivers do.โ€ฆ
Hollywood only has 4% market share in India, compared to overwhelming dominance in other Asian countries like Japan ,South Korea and China.โ€ฆ
Clay and earth are eaten in some nations; either for pleasure or to suppress hunger. One such clay is Kaolin, which is sold at most markets in Cameroon and is often flavored with spices such as black pepper and cardamom. Consumption is greatest among women, especially during pregnancy.โ€ฆ
Murray Rothbard believed that parental rights to children should be traded as consumer goods, suggesting the creation of a "flourishing free market in children".โ€ฆ
There is a robust black market for Tide laundry soap, with drug dealers accepting it as payment and shoplifting rings finding it more lucrative and less legally risky than other illegal schemes.โ€ฆ
Real human skulls are traded on Instagram by a small but active underground collectorsโ€™ market. The skulls are decorated and sold by macabre enthusiasts. Some sell for tens of thousands of dollars.โ€ฆ
An optical disc called Holographic Versatile Disc was developed that can store up to 6TB of data but never appeared in the market.โ€ฆ
Only specific types of sand are useful in important building materials like concrete. This has creates a shortage of sand in some areas leading to black markets for illegally mined sand run by sand mafias and sand pirates.โ€ฆ
In some cases it is better that a single product design dominates a market for a short period of time, regardless of relative quality (ex. iPod, Blu-Ray, VHS). "Dominant design" allows for relatively low-risk improvement of existing designs, increasing the rate of technological advancement.โ€ฆ
The electric toaster was invented in 1893, decades before commercially sliced bread was released. In 1926, the first household pop-up toaster was released while the first commercial bread slicing machine wasn't created until 1928. Sliced Wonder Bread hit the market just two years later.โ€ฆ
Charging Bull, the famous statue on Wall Street, was installed secretly and illegally outside the New York Stock Exchange in 1989 following the 1987 stock market crash. The sculpture was seized and impounded by NYPD, but re-installed two blocks south of the Exchange after a public outcry.โ€ฆ
Today I learned about 'Dead cat bounce', a Wall Street saying that "even a dead cat will bounce if it falls from a great height", referring to a small rebound during or after a stock market crashโ€ฆ
The Mercedes-Benz C-Class has the highest likelihood of being resold during the first year of ownership - nearly 1/8 of all C-Classes enter the used car market in less than a year.โ€ฆ
When Fiat introduced the 850 to the US market, they downsized the engine to just below 50 cubic inches in order to make it small enough to be exempt from emission standards, which only applied to 50 ci and larger engines.โ€ฆ
In 1987 Corona was hit by the piss scandal. A rumour that Mexicans brewers were peeing in beer heading to the US market. The rumour was traced back to a Heineken distributor.โ€ฆ
Casu Marzu is a sheep milk cheese where live maggots are introduced to partially decompose it before human consumption. And itโ€™s only available on the black market.โ€ฆ
Countries have credit ratings. Obtaining a good sovereign credit rating is usually essential for developing countries that want access to funding in international bond markets.โ€ฆ
, the video game industry, is taking over the entertainment world. The global games market is estimated to generate $152.1 billion from 2.5 billion gamers. By comparison, the worldwide box office industry was worth $41.7 billion, while global music revenues reached $19.1 billion in 2018.โ€ฆ
The Laughing Cowยฎ, Con Bรฒ Cฦฐแปi in Vietnamese, captures 85% of Vietnam's cheese market shareโ€ฆ
When John Balson started off as a butcher in Dorset in 1535, Henry VIII was on the throne. Hundreds of years later, the Balson family continues to trade just a few streets away from where their first market stall was set up in Bridport. They are the oldest family business in UK.โ€ฆ
The first gladiatorial game of Ancient Rome was held in the city's cattle market in 264 BCE, where funeral celebrations for a former consul included combat between six war captives. Initially competitions of courage to honor the dead, gladiator matches were not publicly sponsored for 160 years.โ€ฆ
Sanora Babb was writing a book about the Dust Bowl but John Steinbeck stole her notes to write The Grapes of Wrath, and as it was felt the market couldnโ€™t support two books about the subject, her book remained unpublished until 2004.โ€ฆ
The 1929 stock market crash was a result of an unsustainable boom in share prices in the preceding years. The boom in share prices was caused by the irrational exuberance of investors, buying shares on the margin, and over-confidence in the sustainability of economic growth.โ€ฆ
In the mid-1960s three corporations, General Motors, Ford and Chrysler, controlled over 90% of the American new car market. GM alone had a nearly 50% market share at that point.โ€ฆ
Wasabi is so expensive and difficult to grow, that almost all of it on the market is in fact dyed horseradish.โ€ฆ
The demand for Star Wars merchandise was so unexpected that none of the action figures were ready for Xmas 1977, forcing the manufacturer to instead release an empty cardboard box as a display diorama for the upcoming toys. The boxes now sell for $4,000 to $8,000 each on the collector's market.โ€ฆ
Despite having been discontinued in most of the world in the mid-1990s and having exited the video game console market, the 8-bit Sega Master System is still produced in Brazil, and its market share rivals more modern gaming systems thereโ€ฆ
The Nobel Prize committee maintains its funds by investing in securities, real estate, the stock market, bonds, loans etc. As per the will which established the committee it was supposed to invest in "safe securities" but the term was re-interpreted after the two world wars.โ€ฆ
At the start of 2020 Windows XP still had an over 40% share of the Armenian market.โ€ฆ
Vehicle diesel fuel and home heating oil are the same thing. In many markets they are the same product sold out of the same truck.โ€ฆ
How India Pale Ale (IPA) got its name and taste. It's a beer that was invented in Britain in the 19th century for the Indian market, with extra hops added to survive the 6 month travel.โ€ฆ
Today I learned about Zhang Yongming, a serial killer in China. After killing some of his eleven victims he butchered them and sold their flesh at markets calling it "Ostrich meat."โ€ฆ
A bad grape harvest in 1985 led to Austrian wine producers adding antifreeze to their wines in order to lessen the sour taste, collapsing the Austrian wine market.โ€ฆ
, Seattle's famous Pike Place Market gum wall was steam cleaned in 2015, removing 20 years worth of chewing gum stuck on the brick.โ€ฆ
The Kiwi fruit is not from New Zealand, itโ€™s from China. It was the New Zealand farmers who named it Kiwi fruit so they could market it.โ€ฆ
Today I learned of minghun, or Chinese ghost marriage, in which one or more parties is deceased. The practice led to a black market for corpses of young women in 2017โ€“19.โ€ฆ
Despite its negative reaction, New Coke continued to be sold as "Coke II" in limited markets until it was quietly discontinued in 2002โ€ฆ
That, despite their illiquid nature and high fees, over the prior ten year investmet horizon, private equity returns haven't fared better than investing in liquid marketsโ€ฆ
The HongKong Dollar being pegged to the US Dollar at a rate of 7.80 under the linked exchange rate system, where the government does not control the supply/demand in the foreign exchange market, exchange rate is stabilised by arbitrage where banks sell HongKong Dollar at a gain/loss.โ€ฆ
Today I learned of โ€œBlack Mondayโ€ which was a stock market crash in 1987. The Dow Jones fell 22.6% and worldwide losses were estimated at $1.7 trillion.โ€ฆ
"Enron Fraud", the largest bankruptcy reorganization in American history. The energy company's bankruptcy in 2001 after allegations of massive accounting fraud wiped out $78 billion in stock market value and led to the collapse of Arthur Andersen and the passage of the Sarbanes-Oxley Act of 2002.โ€ฆ
Saif ad din qutz was enslaved by the Mongols and sold in the Syrian slave market and then to Egyptian sultan. Rising to prominence under the Sultan, he became the grand vizier and decisively defeated the Mongols at the battle of Ain el jut and halted the Mongol conquestโ€ฆ
Laugh tracks were the invention of a sound engineer named Charles Douglass, whose Laff Box machine helped him corner the market during the golden age of TV.โ€ฆ
Today I learned about Emergence. Complex things happen when simple objects, rules or people interact. In the presence of a feedback loop, Emergent phenomena create Complex Systems like a Market or Fractals.โ€ฆ
Today I learned of anthropologist Nancy Scheper-Hughes, who after researching international black market organ trade, made the "unusual" decision" to share her findings with law enforcement including the FBI, which later resulted in several arrests.โ€ฆ
The United States Government, in response to a failing dairy market, began to stockpile millions of pounds of cheese in 1977. This stockpile still exists and now contains over 1.3 Billion pounds of cheese across the US.โ€ฆ
In the United States, you can sell dietary supplements with no safety or efficacy testing at all if you don't "make specific medical claims" or use a known poison as an active ingredient. The FDA can only remove a product from market after "substantial" deaths or injury occur.โ€ฆ
There is an effect know as the Ting Hai effect where the Hong Kong stock market would drop whenever a film or tv series starring Adam Cheng is releasedโ€ฆ
The only astronomically aligned, full-scale, intact replica Stonehenge in natural stone is Esperance Stonehenge in Australia. It cost about about A$250,000 to build and was recently on the market for A$2.1M.โ€ฆ
The nokia 3210 was the first phone to sell 100 million units. It spotted the first mass market internal antenna, there games, and had a standby time of up to 11 daysโ€ฆ
In February 2005 various versions of Internet Explorer held an over 89% share of the internet browser market.โ€ฆ
The civil war era Fort Montgomery, near the New York/Canada border, is a privately-held 86 acre estate that has been on the market for decades. Peak asking price was $9 MIL in 2006 but the current listing is under $1MIL.โ€ฆ
An American man spent 12 years bulding his own 'castle' in the Nevada Desert from scratch. It features 22 rooms, including 2 kitchens, 4 bedrooms, 3 bathrooms and a man cave with home thater. It's now on the market for $699,900, down from $3.2 million.โ€ฆ
As of 2015, Japan's pachinko market generates more gambling revenue than that of Las Vegas, Macau and Singapore combined.โ€ฆ
The Toyota 2ZZ-GE engine was the first production engine to combine cam-phasing variable valve timing with dual-profile variable valve lift in the American market.โ€ฆ
Wall Street was the site of an actual wall that the original Dutch settlers built, using slave labour, to defend against Indigenous and British forces. It also contained a slave market for 50 years, which New York City collected taxes from.โ€ฆ
When Coca-Cola withdrew from India in 1997, Ramesh Chauhan developed his own softdrink formula from scratch, experimenting with ingredients such as cinnamon, cardamom, and nutmeg, naming it Thums up. In 1993 it had 85% market share when Coca-Cola re-entered India and bought it for $60 million.โ€ฆ
Businesses like investment banks, insurance, hedge fund and money market fund companies are referred to as Shadow Bankingโ€ฆ
Marmite cannot be marketed/sold in the EU member state of Denmark because the licence required to market certain fortified foods in the country has not been applied for yetโ€ฆ
Today I learned about the Brussels effect, the process of new European regulations automatically having effect outside EU borders due to market mechanisms. Because international firms believe it's not economically, legally or technically practical to maintain lower standards outside of the EU.โ€ฆ
Shortly before the Ford Focus reached the German market, the publisher of the Focus magazine had the court order Ford to change their compact's name. However, the two companies managed to work it out and the Ford Focus could keep its name in Germany.โ€ฆ
When Citroen released a van named Jumpy, they renamed it Dispatch in English-speaking markets.โ€ฆ
The Market Theater Gum Wall in Seattle, WA is covered in several inches thick of gum, the wall is 15 feet high by 50-foot-long.โ€ฆ
Despite emission testing on monkeys, rigging diesel tests resulting in 30 billion dollars of fines, Volkswagon has been the largest automaker seller worldwide since 2016 and has maintained the largest market share in Europe for two decades.โ€ฆ
From 1983-85, there was a huge crash in the Video games industry. Market saturation was a factor, with too many competing consoles & games. Revenues went from $3.2 billion to $100 million, a 97% drop. Despite NESโ€™s later success, the crash ended the 80โ€™s generation of console gaming in the US.โ€ฆ
Tomato sauce is not Italian at all but Mexican. The first tomato sauces were already being sold in the markets of Tenochtitlan when Spaniards arrived, and had many of the same ingredients (tomatoes, bell peppers, chilies) that would later define Italian tomato pasta sauces 200 years later.โ€ฆ
Food powder is the most common format of food material in the market.โ€ฆ
Contrary to popular lore, there was no epidemic of suicides in the wake of the Stock Market Crash of 1929. One contemporary reference to the myth was written by a British reporter who had been very badly burned in the market himself, the reporterโ€™s name was Winston Churchill.โ€ฆ
Most of our 60 trillion dollar stock and bond markets are non-physical AND unsecured.โ€ฆ
4G LTE isn't actually 4G. It stands for 'Long Term Evolution', and was invented so that companies can market their networks as 4G without meeting its specifications. Actual 4G speeds are 100 Mb/s for moving devices (in a train/car) and 1 Gb/s for stationary devices.
Financial markets have โ€œcircuit breakersโ€ that temporarily halt trading to prevent market crashesโ€ฆ
A Pittsburgh history museum possesses a mummified human foot donated by Andy Warhol, who found it at a flea market.โ€ฆ
"Jazz on bones" or "Ribs" were bootleg vinyl recordings made from old x-rays with holes burned in the middle from cigarettes. In the 50's and 60's they were a black market method for smuggling banned music into the Soviet Union such as The Beatles, The Rolling Stones, and Elvis.โ€ฆ
Dali began selling signed blank sheets of canvas, originally intended as lithographs, to the market, allowing for counterfeiting and forgeries. Around 350,000 authentic Dali blank sheet signatures were released, but in 2016 over 12,000 fakes were seized, one which was estimated at $6.75 million.โ€ฆ
In 2002, Tropicana aired a half-hour orange juice infomercial called "Breakfast Americana" on Lifetime, A&E, TLC and Discovery Channel. When it also aired on local CBS affiliates, some major markets drew higher ratings than NBA basketball and 'Everybody Loves Raymond'.โ€ฆ
A radioactive energy drink called "Radithor" was sold in the US market for a decade in the 1920s. Radium 226 and 228 isotopes weโ€™re used, and the expensive product claimed to cure impotence, among other ills. Some of the more prominent users had to be buried in lead coffins.โ€ฆ
In July 2011, a survey found that Flash Player had 99% market penetration in desktop browsers in "mature markets", while Shockwave Player claimed only 41% in these marketsโ€ฆ
The popular MMO EVE Online hired an economist to oversee the in-game money. Besides writing internal reports, he occasionally intervenes to prevent inflation and unintended market consequences. EVE has about 500k users who partake in the game's hyper-libertarian online economy.โ€ฆ
Joe Kennedy, JFK's father, made a fortune as a stock market and commodity investor before cashing in all his stocks just days before the stock market crash of 1929. Consequentially, he was one of the few people who vastly increased their fortune during the great depression.โ€ฆ
The baby thief Georgia Tann was allowed to operate a black market adoption agency in the US for nearly 30 years. She stole nearly 5000 kids from poor families and adopted them out to rich families. This went on until her death in 1950.โ€ฆ
An Israeli couple were forced to pay over $2000 for an apartment they never rented because their use of smiley and champagne emojis in a text with the prospective landlord conveyed "great optimism", causing him to take the property off the market.โ€ฆ
Today I learned about David Glasheen, a former business mogul and multi-millionaire, who moved to a remote island in Far North Queensland, AUS after losing all his money due to the market crash of 1987. He has been living there for over two decades now.โ€ฆ
McDonalds spent over $200 million to develop and launch the Arch Deluxe, which completely flopped in most markets.โ€ฆ
, The Secret about Sony's PlayStation VR Headset- One of the most popular VR headsets on the market today includes PlayStation VR (PSVR). It was secretly developed by a small group of Sony engineers in a lab and supervisors didn't know about it until it was complete.โ€ฆ
Connaught Place, an example of Georgian architecture, was made to serve the elite living in Delhi and was inspired by the Royal Crescent in Bath. It also boasts of Indiaโ€™s first underground and air-conditioned market, Palika Bazaarโ€ฆ
The Canadian National Railway is Canada's largest railway with 32,831 KM of track and a market cap of $90 billion. Bill Gates is the largest single shareholder of CN stock.โ€ฆ

Please note that this site uses cookies to personalise content and adverts, to provide social media features, and to analyse web traffic. Click here for more information.