Today in Apple history: Apple IPO mints instant millionaires

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Apple is worth more than the entire US energy sector combined
December 12, 1980, was an incredibly important day for Apple.
Photo: Ste Smith/Cult of Mac/401Calculator

December 12: Today in Apple history: Apple goes public at $22 per share, minting instant millionaires December 12, 1980: Apple goes public, floating 4.6 million shares on the stock market at $22 per share.

In the biggest tech IPO of its day, more than 40 out of 1,000 Apple employees become instant millionaires. As Apple’s biggest shareholder, 25-year-old Steve Jobs ends the day with a net worth of $217 million. However, the big payday triggers internal tensions as it highlights Cupertino’s class divide.

Today in Apple history: The Byte Shop, Apple’s first retailer, opens

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Paul Terrell founded The Byte Shop on his birthday.
Paul Terrell founded The Byte Shop on his birthday.
Photo: NextShark/Paul Terrell

December 8: Today in Apple history: Early computer store The Byte Shop, Apple's first retailer, opens December 8, 1975: San Francisco Bay Area entrepreneur Paul Terrell opens The Byte Shop, one of the world’s first computer stores — and the first to sell an Apple computer.

Years before Apple would open its own retail outlets, the Byte Shop stocks the first 50 Apple-1 computers built by Steve Jobs and Steve Wozniak.

Today in Apple history: Rare Apple-1 sells for crazy money

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The Apple-1 sold for what was then the largest amount a personal computer ever earned at auction.
The Apple-1 sold for what was then the largest amount a personal computer had sold for at auction.
Photo: Christie's

November 23: Today in Apple history: Rare Apple-1 computer sells for $210,000 at auction November 23, 2010: An early Apple-1 computer, complete with its original packaging and a letter signed by Steve Jobs, sells for $210,000.

At the time, it ranks as the most expensive personal computer ever sold at auction. However, it’s a rare find. The working Apple-1 is thought to be one of only around 50 thought to still exist.

Elizabeth Warren chimes in on allegedly discriminatory Apple Card algorithm

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Elizabeth Warren chimes in on allegedly discriminatory Apple Card algorithm
Sen. Elizabeth Warren thinks Apple Card partner Goldman Sachs has some explaining to do.
Photo: elizabethwarren.com

Democratic presidential candidate Elizabeth Warren has chimed in on the allegedly sexist Apple Card debacle. Warren criticized Apple Card partner Goldman Sachs, saying that if the bank can’t explain how the algorithm used to determine credit score works, it should “pull it down.”

The complaints about Apple Card began last week when entrepreneur David Heinemeier Hansson said he was offered a credit limit 20 times that of his wife. Apple co-founder Steve Wozniak claimed something similar.

Woz: Apple should ‘share responsibility’ for sexist Apple Card

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Apple Card’s ‘elite card’ status is hitting retailers in the wallet
Some users suggest that a discriminatory algorithm may be determining Apple Card scores.
Photo: Apple

Apple’s co-founder Steve “Woz” Wozniak is one of a number of Apple Card owners concerned about a possible sexist algorithm used for determining credit limits.

On Twitter, Woz said that he received 10x more credit on the card than his wife. “We have no separate bank or credit card accounts or any separate assets,” Wozniak clarified. “Hard to get to a human for a correction though. It’s big tech in 2019.”

Woz: I don’t think true self-driving cars will arrive in my lifetime

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Woz: I don’t think true self-driving cars will arrive in my lifetime
Woz isn't convinced the technology will arrive any time soon.
Photo: Nichollas Harrison/Wikimedia Commons CC

Apple is working hard on a self-driving car project, but company co-founder Steve “Woz” Wozniak seemingly isn’t convinced that autonomous vehicles will be ruling the roads anytime soon.

At a recent auto conference, Woz pulled back his predictions about when self-driving cars will take over; saying that there are too many challenges in Level 5 autonomous vehicles.

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App Store
The App Store racked up 200 million downloads in less than five months.
Photo: Graham Bower/Cult of Mac

An unlikely friendship: Woz and Steve-O visit the Apple Store

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Steve O
Caption contest entries in the comments.
Photo: Steve-O

Back in the 1970s, Steve Wozniak made friends with another Steve called Steve Jobs. They went on to found a $1 trillion company called Apple. Here in 2019, Steve Wozniak is friends with another guy called Steve. Former Jackass star Steve-O. Yes, really.

In a new video posted to Steve-O’s YouTube channel, he takes a trip to the Apple Store with Woz to buy a new MacBook. Because, as co-founder of Apple, Woz gets a 10% employee discount on all products. Check it out.

Today in Apple history: Woz stages an epic concert

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Unite US in Song
The Us Festival was Woz's first venture outside Apple.
Photo: Glenn Aveni/Kickstarter

September 3: Today in Apple history: Steve Wozniak stages athe first US Festival, an epic music and tech event September 3, 1982: The Us Festival, an extravagant music and technology event staged by Apple co-founder Steve Wozniak, kicks off in California. The fest costs $8 million to stage, and boasts appearances from some of the biggest musical acts of the day.

It’s a wild venture for Woz, who is on hiatus from Apple after surviving a serious plane crash in 1981.