10 random, fascinating business facts:
- Wal-Mart averages a profit of $1.8 million every hour.
- Yahoo! founders Jerry Yang and David Filo selected the name because they considered themselves yahoos (the word “yahoo” first appeared in Gulliver’s Travels and it represents a person who is ‘repulsive in appearance and action and is barely human’).
- Apple’s iPad retina display is actually manufactured by Samsung.
- Samsung accounts for 20 percent of Korea’s gross domestic product.
- The red and white Coca-Cola logo is recognised by 94 percent of the world’s population.
- Google was originally named ‘Googol’, a word for the number represented by a 1 followed by 100 zeros. After founders Sergey Brin and Larry Page presented their project to an angel investor, they received a cheque made out to ‘Google’ and left it that way.
- Amazon.com employees spend two days every two years working at the customer service desk — even the CEO — to help all workers understand the customer service process.
- Marvel Comics once owned the rights to the word “zombie”.
- Bill Hewlett and Dave Packard tossed a coin to decide whether the company they founded would be called Hewlett-Packard or Packard-Hewlett.
- It’s believed Steve Jobs’ favourite fruit was the “McIntosh apple”, and this is what he named his company and its first computer, the Apple Macintosh, after.
