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The Rise and Fall of .com

I have been hearing mentions of "the .com bubble" and "the .com burst" ever since the first day of this class, and we finally got to dive deep into the history of this incident. The .com boom was a moment in history where a lot of companies went public, solely based on the fact that they have a website, in which the succeeded and got a lot of funding as well. This caused a huge negative impact on the market once everybody realized that having a website isn't everything which lead to the eventual burst of said bubble.
The .com bust happened over 5 stages:
  1. The innocent beginning
  2. Boom
  3. Insanity 
  4. Bust
  5. The crawl back to sanity
It all started in early 90's when browsers were introduced. Internet had already been around at this point but it was mostly used by very large and very few companies for their internal server. Some of the first companies that were target for early investors were AOL, Prodigy, Delphi, and Genie. Next came the boom where even bigger companies like Nestscape, Amazon, and Yahoo came into play. Followed by Insanity, where so many companies were going public and getting funded, when finally people started started to realize that they were investing in something that has no actual value because the burn rate was very high compared to their value as investors kept putting more and more money into these companies. Then came the bust, where all the investors started to pull out because they thought .com's weren't going to get them their money back.
After all the crazy had past and market settled, web companies like Amazon, Yahoo, Ebay, and Expedia came alive and started to make profits as a business - a happy ending to a crazy timeline of events where some survived, but others were not so fortunate.

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