.COM to .BOMB

The .COM to .BOMB lecture was very interesting and hard to grasp how big of a deal it really was because I wasn't alive back then. I learned the five big stages that took place: an innocent beginning, boom, insanity, and the crawl back to sanity. The innocent beginning, around 1993, wasn't big news to me as the internet was fairly new and HTTP was just two years old. Around 1995, I learned how Netscape became one of the most valuable companies in the world starting the boom stage. I learned about the tons of companies that had great success from the world wide web and this only became more insane from 1997-2000. Big companies were buying littler companies resulting in few but huge companies controlling everything. It all went down hill from 2000-2003 where the bust occurred. Thousands of companies declared bankruptcy as their revenue was completely shattered. The crawl back to sanity was a very rough and slow process for the companies that barely held on. Out of all the companies that I learned about, I find it crazy how everyone doubted Amazon because of their financial model and now look at them. They survived the bust and proved nearly everyone wrong and have done an incredible job with their company. Overall, I had no idea about the .COM bust before learning about it in class. I'm happy to learn about this to know how far we have came and how incredible and important the internet is for companies to survive.