Tagged: Business_Finance

Apple 0

January 3, 1977: Apple Computer Corporation is Incorporated

1977 – Steve Jobs and Steve Wozniak officially incorporate the Apple Computer Corporation. Mike Makkula jr. invests $250,000 in venture capital and becomes the first chairman of Apple. They also decided to move operations of the company outside of Steve Jobs parent’s garage and rent a building in Coupertino. This was so they could improve production of the Apple II, which debuted on April 16,1977. Of course, the third founder – Ronald Wayne – was not present as he sold his stake in the company earlier in 1976. Matsushita acquires MCA Yahoo! stock hits $475.00 Computer was Time Man of the Year Podcast:...

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Aereo 0

June 28, 2014: Aereo Shuts Down

2014 – Trying to be the first provider of over-the-air channels, Aereo was told to shut down completely after a supreme court decision went against the company. The idea was simple – take the over-the-air network channels and offer them on the Internet. Based in New York, the company opened services in 24 different cities. You could only watch the programming of your area on your PC, Mac or Linux. There were around 28 channels you could choose from and pricing was simply $1 a day. Aereo was faced with many legal issues, including the Cable Television Consumer Protection and Competition...

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