Past Present ContinuousFinance Fridays The tulip bubble is a classic example of a financial bubble, and is known to be the world’s first bubble. When the price of something goes up, not because of its intrinsic value, but because people who buy it expect to be able to sell it again at a profit, it can have […]
Finance Fridays For every superhero story we read or movie we watch, there is always a dark phase. A phase in which everything seems lost, and it looks like the world is going to end. Well, for one of the world’s largest creators of superhero stories, Marvel, this phase came in the winter of 1996. […]
Finance Fridays It has been over a decade since Ramalinga Raju’s Satyam Computers shook the Indian markets. One of India’s fastest growing IT companies, then the 4th largest, disappeared in thin air, with billions in market cap lost. This is the story of India’s Enron. In 2007, Ramalinga Raju was named as the Ernst & […]
Finance Fridays Microsoft and Apple have always been fierce rivals, being mammoths in the tech industry. Bill Gates had become the world’s richest man by 1995, with a net worth of $13 billion, and his firm company was competing with Jobs’ for the dominant spot in the personal computer space. And then, in August 1997, […]
Enron was one of the world’s most creative corporations. America’s seventh largest company, over 30,000 employees, and then a scam that led to a share price high of $90.75 fall to $0.26. Finance Fridays Enron was once the seventh largest company in the United States. They were behemoths in the energy and trading markets. Their […]
Past Present Continuous