Dec 14, 2016

Dot.Com to Dot.Bomb - My Thoughts

It seems that as the world wide web began, it was thought to be a ground breaking invention. People were excited about its existence and what it could be used for. Although, it quickly became a grounds for competition. Just like advertisement on radios and over television, the internet became an additional place for competing companies to battle for control over the consumer market. Because of this, many companies began and many companies ended. Fortunately, a lot of the companies ended because they were bought out and re-branded or re-purposed into something new. Essentially, many companies and businesses were spawned, some ended but many merged, and we ended up with the big names we have today, such as Microsoft and Amazon. What's interesting to me is that so many businesses began, yet only the ones with promising futures snowballed into the large corporations they are today. However, there were even many promising internet start-ups that ended when the dot com bubble burst. So many people saw value in internet-based start-ups, that their stocks began to increase, only by too much. When the collapse (the dot bomb) hit, many companies outright ended, like I mentioned before, while some companies that survived (specifically Amazon and eBay) were  able to grow to stock value higher than the value during the dot com "boom", as it's called. It's interesting to see such a ground breaking invention cause such influence only to crash and burn in a relatively short time. Luckily, the world wide web and dot companies were able to stabilize into what they are today.

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