Breakthroughs and everyday innovations from the year.
HEADLINES ON May 29, 1996
Full News Archive
- Headline: Gossip Magazines in Buenos Aires. Impact: The rise of gossip magazines in Argentina led to an explosion of celebrity culture, ultimately inspiring reality TV shows that turned ordinary people into global sensations. Who knew a casual magazine purchase could pave the way for influencers who think avocado toast is a personality trait?. Fact: In Argentina, gossip isn't just a pastime; it's practically a national sport. The more scandalous the story, the better—kind of like how we consume news today, but with more tango!.
- Headline: Racing: A Crime and Community Convergence. Impact: Xavier King's weekend races not only siphoned off aggression but also sparked a fierce underground racing culture that would later inspire blockbuster films and video games. Who knew that a little friendly competition could lead to fast cars, furious friendships, and more expensive insurance premiums?. Fact: Brotherhood Raceway Park sounds like a wholesome place, but it was likely just a bunch of guys in flashy cars trying to outrun their problems—much like how we all handle adulting today!.
Wall Street Time Machine
MSFT
Microsoft
Microsoft - If you invested $1,000 in 1996, it would be worth $141,245 today (141.2x return)
AAPL
Apple
Apple - If you invested $1,000 in 1996, it would be worth $1,130,051 today (1130.1x return)