Dot.com Bubble

At the beginning of the quarter, Andrew Fry talked about different topics that he will touch. One topic that he was really excited to explain was the Dot.com Bubble. The Dot.com Bubble happened between 1992 and 2005 and during that period, the technology world rises and fall. During that period, if you wanted to make some money as a company, you could just add dot.com with the name of your company.

Andrew used dinosaurs to represent the biggest companies during that period. I feel like the reason he used those dinosaurs is to make a point because dinosaurs are extinct and most of the biggest companies during that period does not exist anymore.

The Dot.com had five stages;

·      Innocent Beginning (92-95)

·      Boom! (95-97)

·      Insanity (97-00)

·      Burst! @#$%! (00-03)

·      Crawling Back (02-05)

During the innocent beginning stage, different companies started to create different ways to use it but mostly for their internal servers. At that time, the most known companies that knew how to use it was CompuServ, Genie, Prodigy, AOL and Free-Range Media owned by Andrew Fry, but the one had the most successful was CompuServ and Prodigy.

During the Boom stage, other companies started joining those ranks such as Yahoo! and Amazons. However, many people believed that Amazon wouldn’t survive.

During the Insanity stage, all kind of companies was getting funded to launch their companies online. Until that time Prodigy was leading company, but AOL decided to buy CompuServ and passes the Prodigy.

During Burst Stage, investors started pulling out their investments because they started losing money and everything started going downward: stocks and companies go to bankruptcy.

However, the Burst did not stop people from thinking outside the box to find different ways to come back from that. Some companies survived the burst such as Amazon, Yahoo! and new one emerged such as EBay, Expedia, MySpace. This was the phases of the Dot.com Bubble.