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Google at Age 10: Flashback to 1998
Sam Gustin takes a trip down memory lane. Ten years after it was incorporated, Google is a part of our everyday lives, and one of the biggest success stories in the history of capitalism.
But back in 1998, company founders Sergey Brin and Larry Page were toiling in relative obscurity in a Menlo Park, California garage.
What were the rest of us up to? A selection of milestones from 1998, (including a handful from the business world that some people might prefer not to remember.)
- El Nino strikes.
- The Lewinsky scandal rocks the Clinton White House.
- The "Unabomber" Theodore Kaczynski pleads guilty.
- Osama bin Laden declares jihad against all Jews and Crusaders.
- Citicorp and Travelers Group announce a merger which will create the world's largest financial-services conglomerate, Citigroup.
- India tests several nuclear weapons. In response, Pakistan tests its own nukes.
- The Justice Department and 20 states file an antitrust lawsuit against Microsoft.
- Stephen Glass is caught fabricating stories at The New Republic.
- California bans smoking in bars, and voters eliminate the state's bilingual education program.
- The International Criminal Court of formally created.
- Terrorists bomb American embassies in in Dar es Salaam, Tanzania, and Nairobi, Kenya, killing 224 people.
- Mark McGuire breaks Roger Maris' single season home run record.
- MCI Communications and WorldCom join forces in a $37 billion merger to create MCI WorldCom.
- The Federal Reserve Bank of New York organizes a bailout of Long Term Capital Management, after the fund loses nearly $5 billion.
- Congress passes the Digital Millennium Copyright Act.
- Jesse Ventura is elected Governor of Minnesota.
- Daimler-Benz and Chrysler merge to form Daimler-Chrysler.
- America Online buys Netscape for $4.2 billion.
- Deutsche Bank buys Bankers Trust for $10 billion.
- Exxon and Mobil merge, in a $74 billion deal.
Laura Rich is a co-founder of Recessionwire, which provides news, advice, perspective and humor about the recession and the recovery.
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