› added 1 month ago

3

TIL Google’s 2004 IPO used a Dutch auction, where investors bid the highest price they’re willing to pay, and everyone gets shares at the lowest price that clears all available stock (the market-clearing price).

Read more hbr.org

via reddit.com

BrPEk TIL that there's a historical period officially referred to as the Pornocracy. 904 AD-906 AD was a super corrupt time for the Papacy and later scholars called it the Pornocracy, the Hetaerocracy, or the Rule of Harlots. (The Catholic Church refers to it as the saeculum obscurum, or dark century.)
VBdDk TIL That a medieval list of appropriate dog names, compiled around 1460 and named "The Names of All Manner of Hounds", contained fan favorites such as: Nosewise, Hosewife, Spowse, Baby, Childe, Mistirman, Go-bifore, Go-byhynde, Havegoodday, Bere-awey, Salmon, Dragon, Flame and... Nameles!
41yJ TIL the actor that played Reese on Malcolm in the middle, is actually younger than the actor who played Malcolm
kOpP4 TIL A&W tried to sell a 1/3 Pounder to compete with McDonald's 1/4 Pounder but, despite rating better in flavor during blind testing and being priced the same as its rival, the 1/3 Pounder flopped because Americans consistently believed 1/4 was more than 1/3.
6Em17 TIL that Wendy Carlos is not only the pioneer of EM (soundtracks composed include Clockwork Orange and The Shining) but also an inspiration for the LGTBQ community as the first trans woman to come out publically.