In 1971 Frederick Smith founded FedEx (FDX) with $84 Million of loans and inheritance. In 2 years when FedEx’s funds dwindled to $5,000, Smith was desperate and impulsively flew to Las Vegas and played blackjack with the last $5,000. Amazingly, he turned the $5,000 into $27,000 for one more week of operation and motivation to obtain more financing. About FedEx FedEx Corp http://investors.fedex.com/investor-home/default.aspx with annual … Continue reading FedEx Still a Blackjack Gamble ?
Shopify History Shopify Inc. https://investors.shopify.com/Home/default.aspx was launched in 2006 by a German programmer, Tobias Lutke and his girlfriend. Tobias wrote their own E-commerce for his snowboard shop. Other online merchants wanted to license his software to run their own shops. They quickly realized software had more potential than snowboards. Shopify vs Amazon Shopify (SHOP) makes available a cloud solution for independent Moms who are merchants … Continue reading Shopify Threatens Amazon Online Shopping Growth