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The popular myth that the Chevy Nova had to be renamed in Latin America as sales tanked is not true. Reed Hastings, the founder of Netflix, started the company because he was disgruntled over a $40 late fee from Blockbuster. There's also a rumor that Pepsi owned the world's sixth most powerful Navy when they traded $3 billion worth of Pepsi products to the USSR for 20 decommissioned Navy vessels. Some people mistakenly think that searing meat seals in the moisture, but it actually makes it lose moisture.