The calculation is completely bogus. The product formula is only true for independent events. But here the three events are far from independent: either it is the end of the world or it isn't, so either they are all right or they are all wrong.

Let's try to put in some of the assumptions that are needed, and make a correct calculation with a Bayesian approach. Suppose the three prophets are asked to predict whether a certain event $E$ will take place, and that event actually has probability $p$.
Suppose that whenever prophet $\alpha$ is asked to make a prediction of this
sort, his prediction is correct with probability $0.9$ (i.e. if the event actually happens, then with probability $0.9$ he predicted it would happen, and
if it doesn't happen, then with probability $0.9$ he predicted it wouldn't).
Similarly for $\beta$ and $\gamma$, with probabilities $0.9$ and $0.04$ respectively. Finally, suppose that the four events E, A = ($\alpha$ correct), B = ($\beta$ correct), C = ($\gamma$ correct), are independent.

The probability that the event will happen and all three say it will happen is
$p (0.9)^2 (0.04) = .0324 p$. The probability that the event won't happen but all three say it will happen is $(1-p)(0.1)^2 (0.96) = .0096 (1-p)$. So the conditional probability that the event will happen, given that all three say it will happen, is

$$ \dfrac{.0324 p}{.0324 p + .0096 (1-p)}$$

In this case, I happen to think that $p$ is very small, so this is still very
small: it is approximately $3.375 p$.