Hey, there! Log in / Register

Apple stock went public this day in 1980 - except in Massachusetts

Today's the anniversary of the day Apple held an IPO to sell public shares in the company - except in Massachusetts, where regulators deemed the offering too risky for individual investors and so barred individuals from buying shares. The value of the stock has since risen 69,000%.

Ad:

Comments

-Government told you that you couldn't choose to invest in what's become a wildly successful company.

-The story below tells us that a murder victim in 1980 was living in a motel while waiting for government to secure housing for her.

I'm left wondering why, four years later, the company in this story made a commercial about the future being dystopian. Sounds like 1980 was enough of a hellhole as it was.

up
Voting closed 21

This was likely an example of "the Government" being controlled by cronies of huge corporations like DEC and Wang.

In other words, not government but government by oligarchy.

up
Voting closed 22

And people can't easily get a place to live. 2020 is 1980. Right.

We feel like sucking.

up
Voting closed 14

For every AAPL there's a hundred ENEs (Enron).
40 years is a hell of a long time for a stock/company, assuming that you even managed not to sell out after after the first couple of 1000%

up
Voting closed 20

Or is it, for every Enron, there are 100 AAPL's? If it were the way you say it is, the indices wouldn't be at record highs.

up
Voting closed 14

MA bet on the wrong horse

up
Voting closed 17

Let's not forget Data General (Soul of a New Machine, anyone?), Prime and, of course Digital.

up
Voting closed 25

Keep in mind that about 20 or so years ago, Apple almost went out of business. In December 2000 Apple traded below $1 per share (in 1980 it traded at about 50 cents a share - split adjusted and today it is about $270) and there were rumors that the personal computer trailblazer wasn't going to make it. Then came the return of Steve Jobs and the iPod...

up
Voting closed 22

Same Chinese-built crap, higher price tag. And for what? Americans aren't "struggling financially" because of "income inequality" or "student debt", they're struggling because they spend like crack addicts.

up
Voting closed 25

Farm out production of most manufactured goods to China/Mexico for cheaper prices, then be shocked that the solid, upper-middle class jobs that were responsible for the manufacturing of these goods in the US are gone.

Politicians sold out the nation with free/cheap trade deals while not educating the next generation in fields that would still be in demand.

up
Voting closed 15

Always a mixture of humorous and sad when uninformed, no education, no real job experience, unaware youngsters offer their misinformed opinions.

People are struggling because of their spending habits, is it?

You have to be a special kind of stupid to say something like that. Don’t bother to respond because undoubtedly whatever you have say I’d likely to be dumber still.

up
Voting closed 20

And someone who almost never supports Will's comments, he is right.

while there are indeed a small percentage of Americans that struggle through no fault of their own, the majority of Americans struggle because they have no sense of thrift and never save for the future. They are broke because they spend every dollar that lands in their checking account and make extraordinarily poor life decisions with regard to career, family, education and "needs" (many of which are wants, not needs).

The portion of the population that adequately lives below its means, saves and invests for the future is about 20%, perhaps as little as 10%.

up
Voting closed 24

Poverty Level is currently set $25,700 (equates to about 12.35/hr)

A livable wage in the Boston metro area is about $33,800 per year ($16.10/hr)

Minimum wage is current set at $11.00/hr or annualized at $20,800

As for your professional opinion of the number of people that struggle, better get a new profession…39 million Americans live in poverty (below the level) and another 94 million live close to the poverty level.

The redneck, fucking opinion of people living over their means is a bullshit talking point unsupported by any fact - people are struggling because they have not had a meaning fully wage increase (that just keeps pace with the rate of inflation) for decades

up
Voting closed 9

Poverty Level is currently set $25,700 (equates to about 12.35/hr)

A livable wage in the Boston metro area is about $33,800 per year ($16.10/hr)

Minimum wage is current set at $11.00/hr or annualized at $20,800

As for your professional opinion of the number of people that struggle, better get a new profession…39 million Americans live in poverty (below the level) and another 94 million live close to the poverty level.

The redneck, fucking opinion of people living over their means is a bullshit talking point unsupported by any fact - people are struggling because they have not had a meaningful wage increase (that just keeps pace with the rate of inflation) for decades

up
Voting closed 13

As yet another of our fellow mathematically challenged Americans.

39 million in piverty is a scant 13% of the population living in poverty (and that's American poverty with subsidized food, housing and healthcare that would make you middle class or even affluent in many parts of the world).

94 million is about 30% of the population. We don't live in the nation of lake wobegone where everybody is above average. 30% of the population has to be in the bottom third of income.

Of
the other 250 million, about 150-200 million live above their means, don't save a dime and die broke. And somehow this is the fault of the person making $150k per year that saved diligently to replace their income in retirement.

The problem with progressives is they suck at math. That's not an opinion. It's arithmetic.

up
Voting closed 20

citations needed

I mean, I'm wealthy but I'm also very frugal and not flashy at all - and yet I can see that it ain't avocado toast that is the problem - it is the working people not getting a fair share of the productivity increases over the last 30 years.

I made good life choices - like being born when it was still possible to go to a top college and pay the loans and own a house and all that due to pell grants and the like.

up
Voting closed 18

OK boomer. Merry Christmas.

up
Voting closed 18

Also 20 years ago the Patriots sucked and almost " went out of business". My my how things can change!

up
Voting closed 16