Shine Trader Limited reports:
Talking about stocks and investments can be boring. So we’ve compiled a list of the most surprising facts about the stock market and its history.
During Gil Amelio’s tenure as CEO, Apple’s stock plunged to a 12-year low in 1997, at least in part because of the scale of 1.5m shares by an anonymous person who turned out to be Steve Jobs. Jobs convinced directors to oust Amelio in a boardroom coup, and he became CEO.
In 2005, an inexperienced trader at a Japanese bank tried to sell a j-Com share for Y640,000. He accidentally sold 640,000 shares at 1 yen each; That’s like selling $3 billion worth of stock for $5,000.
Somalia has a “pirate stock exchange” where locals can invest in pirate gangs planning hijacking missions.
The stock market is called bear market and bull market because of the Spanish Caballeros of California. The Caballeros had California grizzlies fighting bulls. They came up with this analogy by observing that bears swipe down and bulls hook up. This led to the extinction of grizzly bears in California.