Dotcom boom - Dotcom bust
This period was the time, which created many
companies, and then many company disappeared in matter of time. The timeline
for this period is divided into six-time periods-
An Innocent Beginning, Boom! Insanity! Bust! @#%*! The Crawl Back to Sanity,
Bonus Stage: Uh-oh…. During this time, many people got poor to rich and back
again rich to poor and left people shocked and in dust.
This all started in 1993 when many companies went on IPO
(initial Public Offering) of there stocks to common people. All the big
companies were going online with their products and giving a part of there
company stock to everyone on the internet, which resulted in many people
investing in companies and saw their share worth doubled they invested. This is
caused the insanity due to more and more people going online and buying
different stocks for companies. Day by day the stocks were going high and huge amount
of money was getting involved.
Bust 2001, during this time many companies went downward,
which led stock of so many companies disappeared and left many people unemployed
and people with stock all of sudden have no stock in a company. A lot of companies went bankrupt because they were not
capable of running the company so large at the first place and this is was ridiculous
for letting companies run and making the stock overvalued by buying it. It was
very hard to get out of the virtual disaster and people once again started believing
in online, after learning what was right and what was wrong at first place.
No comments:
Post a Comment