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He promised clients a 50% profit within 45 days or 100% profit within 90 days, by buying discounted postal reply coupons in other countries and redeeming them at face value in the U.S. as a form of arbitrage.: 1 In reality, Ponzi was paying earlier investors using the investments of later investors.
Jim Simons. James Harris Simons (April 25, 1938 – May 10, 2024) was an American hedge fund manager, mathematician, and philanthropist. [3] At the time of his death, Simons's net worth was estimated to be $31.4 billion, making him the 51st-richest person in the world. [3] He was the founder of Renaissance Technologies, a quantitative hedge ...
History 1983–1991: early years. AOL began in 1983, as a short-lived venture called Control Video Corporation (CVC), founded by William von Meister.Its sole product was an online service called GameLine for the Atari 2600 video game console, after von Meister's idea of buying music on demand was rejected by Warner Bros. Subscribers bought a modem from the company for $49.95 and paid a one ...
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Nike, Inc. Nike, Inc. [note 1] (stylized as NIKE) is an American athletic footwear and apparel corporation headquartered near Beaverton, Oregon, United States. [5] It is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$46 billion in its fiscal year 2022.