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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President Trump tweets that Apple can avoid tariff consequences by shifting its primary supply chain from China to America.

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Apple, Alphabet, Microsoft, Amazon, and Facebook have become the most valuable public companies in the world.

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Berkeley macro economist Brad DeLong sees no good reasons for an imminent economic recession with mass unemployment and even depression.

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Citron Research short-sellers initiate a class-action lawsuit against Tesla and its executive chairman Elon Musk.

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2018-09-05 08:34:00 Wednesday ET

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