💡 In 1995, Forbes published an article titled, “The Internet’s first victim?”. In the article, author John Hayes predicted that the scientific publishing powerhouse, Reed Elsevier, would go under water when internet became mainstream. That’s because people would simply look up the scientific papers online instead of paying a subscription fee to the journals. After the publication of the article, investors got nervous. Elsevier’s stocks fell 7% in just 2 days to $26 per share. But turns out he was wrong, really really wrong.

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