Bomb.com

Commonly known as the dot-com bubble this is when the internet dot-com collapsed/crashed. This was a historical time for the internet and technology for the enormous impact it had on the creators, users, and investors/stockholders of the internet. This is during a period of time from the mid-1990s to the very early 2000s in which investors put money into startups in hopes they could turn a profit from their investments (stock market!). Many companies started from this boom with little to knowledge of what they were doing. There were pros and cons from this. The pros being the knowledge of what to do and what not do with the internet and how to make your company have profit and stay afloat. The cons being, “The NASDAQ index peaked on March 10, 2000, at 5048, nearly double over the prior year. Right at the market’s peak, several of the leading high-tech companies, such as Dell and Cisco placed huge sell orders on their stocks, sparking panic selling among investors. Within a few weeks, the stock market lost 10% of its value. As investment capital began to dry up, so did the lifeblood of cash-strapped dotcom companies. Dotcom companies that had reached market capitalization in the hundreds of millions of dollars became worthless within a matter of months. By the end of 2001, a majority of publicly traded dot-com companies folded, and trillions of dollars of investment capital evaporated”(https://www.investopedia.com/terms/d/dotcom-bubble.asp). This source here not online provided me with the information on the boom that I didn’t know, but hopefully you all as well! It shows the cons of huge investments and opportunities like the start of the internet. Reasons like this, although tragic, are important for teaching people to avoid these mistakes in the future.