Dot.com to Dot. Bomb
In this presentation, Andrew Fry talks about
the boom and the bust of dot com. By
1994 the young web grew crazy with the internet and brought the power of online
web to the millions. There was finally
something that brought the power to the people and got the work done more efficiently. Online business and e commerce grew.
In 1995, the internet tidal wave came and
the internet browser became wildly popular.
The stocks rose extremely high. A
lot of tech people became overnight millionaires. These young people were each at least half a
billion dollars each.
This effect lasted a few years but
eventually these huge infusions of venture capital and young inexperienced
people led to the period of excess.
By 1999, people realized that this is a
bubble. By March 2000, a large number of
technology orders were processed at the same time, thus the stock market fell
down and sent a frantic wave of panic.
It was so instant that every single one market share lost their value.
There were so many layoffs in this field.
But the end of the dotcom boom was not the
end of the dotcom. The World Wide Web
became the new sensation and people took a lot of their business ideas online
and ecommerce gained traction again.
There were new online startups again and most remain on the right track
of generating great revenue.
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