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Business News of the Week 1/26/20-2/1/20
Vivo Overtakes Samsung for 2nd Spot in Indian Smartphone Market 1/26 Chinese smartphone firm Vivo has taken the second spot in the Indian market after surpassing rival Samsung!–Vivo’s annual smartphone shipment totals rose an impressive 76% from the previous year.–Samsung continues to struggle with lower price competition from Chinese smartphone producers as they have now… Read more
The Single Best Acquisition of the 21st Century
Back in 2012, a fresh new app, powered by a team of just 13 employees, was starting to gain popularity for its unique and innovative way to share pictures online. As this app grew rapidly amassing millions of new users a month, another fairly similar yet far more popular app took notice and acquired it… Read more
Why Standard Oil Was Not Actually a Greedy Monopoly
The Sherman Antitrust Act was established in 1890 to prevent market-leading companies from price-fixing, limiting industrial output, or any other business practice that excludes competition and harms the American consumer. Standard Oil is unanimously known as the all-time largest monopoly in U.S. history. It’s President, John D. Rockefeller, now serves a hallmark figure of evil… Read more