On 31st December 1997, Microsoft announced that it would be buying the Hotmail email service for $400 million. Hotmail founders, Sabeer Bhatia and Jack Smith, become millionaires overnight.
In 2000, Joseph N. Grasso had applied for the "iPod" trademark which he planned to use for Internet Kiosks. However, in 2003, he assigned it to Apple. [more...]