General Electric was formed in 1892 by merging a few of the biggest electric companies at the time. In 1876, Thomas Edison, (one of the founders of General Electric) opened a new laboratory in Menlo Park, New Jersey. Out of the laboratory came arguably the most famous invention of all—a practical incandescent electric lamp. General Electric expanded business by creating a division of their company soley for lighting. They then later became one of the top producers of computers. Some argue that they took this route because their company used more computers than any other company in the world. They later sold their computer division and reacquired RCA, who owns the NBC television network. While purchasing and selling, General Electric was able to become the third largest media conglomerate in the world. The company is composed by a number of subsections that could be Fortune 500 companies from a stand alone situation. This boosts GE's image as well as customer loyalty.
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