On May 30, 1919, about 20 sailors and soldiers were arrested by police officers, marines, and firemen. The Greeneville Daily Sun reported that the trouble began when "negro sailors" entered the Coast Guard Academy in New London and attacked white sailors. On June 29, 1919, another riot erupted which required the Marines to restore order.
Netflix initiated an initial public offering (IPO) on May 29, 2002, selling 5.5 million shares of common stock at the price of US$15.00 per share. On June 14, 2002, the company sold an additional 825,000 shares of common stock at the same price. After incurring substantial losses during its first few years, Netflix posted its first profit during the fiscal year 2003, earning US$6.5 million profit on revenues of US$272 million.