With prescient clairvoyance, Bill Gates predicted the recent rise of Facebook and Netflix.

Monica McNeil

2017-02-07 07:47:00 Tue ET

With prescient clairvoyance, Bill Gates predicted the recent sustainable rise of Netflix and Facebook during a Playboy interview back in 1994.

He said that in the age of information technology, everyone should be able to both access and share visual content such as text and video on demand within the virtual network infrastructure.

Today Netflix offers live-streaming TV programs and movies on demand.

Facebook orchestrates and optimizes algorithmic newsfeed customization on its social network platform.

Netflix and Facebook now represent the first and third of the tech giants that form the catchy acronym FANG with superior stock return performance.

In fact, Gates correctly predicted in his book, Business at the Speed of Thought, the inevitable emergence of Palm PCs such as iPhones, iPads, and many other smart phones and tablets in today's digital open society.


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Senator Elizabeth Warren introduces her Accountable Capitalism Act that would require corporations to consider stakeholder interests.

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Senator Elizabeth Warren introduces her Accountable Capitalism Act that would require corporations to consider stakeholder interests.

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Federal Reserve raises the interest rate again in mid-2018 in response to 2% inflation and wage growth.

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2018-07-09 09:39:00 Monday ET

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New York Fed CEO John Williams sees no need to raise the interest rate unless economic growth or inflation rises to a high gear.

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Former Vice President Joe Biden enters the next U.S. presidential race with many moderate policy proposals.

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Eric Posner and Glen Weyl propose radical reforms to resolve key market design problems for better democracy and globalization.

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The Trump administration imposes 10% tariffs on $200 billion Chinese imports.

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2018-09-19 12:38:00 Wednesday ET

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