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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Apple unveils 3 iPhone 11 models with new original video services and stars such as Oprah Winfrey, Jennifer Aniston, and Reese Witherspoon.

Joseph Corr

2019-10-13 16:22:00 Sunday ET

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Financial institutions benefit from higher equity risk premiums and interest rate spreads.

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2017-04-01 06:40:00 Saturday ET

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Joel Mokyr suggests that economic growth arises from a change in cultural beliefs toward technological progress.

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2023-11-07 11:31:00 Tuesday ET

Joel Mokyr suggests that economic growth arises from a change in cultural beliefs toward technological progress.

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Many U.S. large public corporations spend their tax cuts on new dividend payout and share buyback.

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2018-05-23 09:41:00 Wednesday ET

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The Trump administration initiates a new investigation into China's abuse of American intellectual property.

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2017-08-31 09:36:00 Thursday ET

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Bidenomics better balances fiscal deficits and government expenditures with new corporate and capital income tax hikes.

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2021-08-01 07:26:00 Sunday ET

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