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Today is the 4th day of the 35th week, the 29th day of the 9th month, the 241st day of 2018, and:
- According to Hoyle Day
- Chop Suey Day
- Individual Rights Day
- International Day Against Nuclear Tests
- Lemon Juice Day
- More Herbs, Less Salt Day
- National Sarcoidosis Awareness Day
- National Swiss Winegrowers Day
- National Whiskey Sour Day
- Tug-of-War Day
- Willing-to-Lend-A-Hand Wednesday
ON THIS DAY IN ...
708 – Copper coins are minted in Japan for the first time (Traditional Japanese date: August 10, 708).
1009 – Mainz Cathedral suffers extensive damage from a fire, which destroys the building on the day of its inauguration.
1728 – The city of Nuuk in Greenland is founded as the fort of Godt-Haab by the royal governor Claus Paarss.
1831 – Michael Faraday discovers electromagnetic induction.
1869 – The Mount Washington Cog Railway opens, making it the world's first mountain-climbing rack railway.
1871 – Emperor Meiji orders the abolition of the han system and the establishment of prefectures as local centers of administration. (Traditional Japanese date: July 14, 1871).
1885 – Gottlieb Daimler patents the world's first internal combustion motorcycle, the Reitwagen.
1898 – The Goodyear tire company is founded.
1903 – The Slava, the last of the five Borodino-class battleships, is launched.
1911 – Ishi, considered the last Native American to make contact with European Americans, emerges from the wilderness of northeastern California.
1949 – The Soviet Union tests its first atomic bomb, known as First Lightning or Joe 1, at Semipalatinsk, Kazakhstan.
1958 – United States Air Force Academy opens in Colorado Springs, Colorado.
1965 – The Gemini V spacecraft returns to Earth, landing in the Atlantic Ocean.
1966 – The Beatles perform their last concert before paying fans at Candlestick Park in San Francisco.
1982 – The synthetic chemical element Meitnerium, atomic number 109, is first synthesized at the Gesellschaft für Schwerionenforschung in Darmstadt, Germany.
1997 – Neflix founded
2018 - NASA Voyager is 19 hrs 48 mins 51 secs of light-travel time from Earth
The story of how Netlfix ate Blockbuster’s lunch is legendary – one of those textbook cases on how an industry giant ignored a technological advance. In 1997, on this day, Netflix was founded as an internet DVD rental service in Scotts Valley, CA but the website would not be launched for another 227 days . Initially there were 925 titles available for rent through a traditional pay-per-rental model (50¢US per rental U.S. postage; late fees applied); the subscription model was implemented in September 1999. It struggled to exist, Blockbuster having pretty much cornered the market, and in 2000 Netflix offered itself for acquisition to Blockbuster for $50 million; however, Blockbuster declines the offer – a move they were to regret. In 2001, Netflix announced that it would lay off one-third of its employees and the end seemed near. But in 2002, it launched Redbox, which offered DVD rentals via automated retail kiosks and the growth spurt started. Too little too late, Blockbuster tried to counter with its own online service in 2004, but it never caught on as steaming video came out and by 2007, it was on the ropes and starting to close locations – in 2013 it filed for bankruptcy. Today there is but one store left in Bend, Oregon
Blockbuster. IBM. Kodak. All three have gone the way of the buggy whip manufactures, overtaken then overcome by changes in their industry to which management failed to respond and failure to understand how an upstart was meeting consumers’ needs and wants.
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