Internet Bubble

Discussion in 'General Chat' started by rajuthan, Jan 4, 2008.

  1. #1
    Was the internet bubble of 2001 an accident? if yes why?
     
    rajuthan, Jan 4, 2008 IP
  2. ForgottenCreature

    ForgottenCreature Notable Member

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    #2
    No, the stocks were to blame, and the businesses.
     
    ForgottenCreature, Jan 4, 2008 IP
  3. btechpc

    btechpc Peon

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    #3
    The bubble burst was not an accident. The whole dotcom boom was built on speculation, like the stockmarket. It was so new and exciting, everyone was willing to take a chance! I mean who really thought that they were going to buy thier groceries over the net? As consumers we still like to touch and feel things! I really feel that alot of the people took advantage of the VC money and used it to get rich quick, without really benefiting the Internet as a whole. If you look statistically, many of the "next big thing" companies are gone, ePets comes to mind. That damn sock puppet! Looking at how companies are today, it is more of a "build it and they will come" approach much like a traditional business model. I think that this provides long term stability for growing companies.
     
    btechpc, Jan 4, 2008 IP