Friday, 10 August 2012

Dot Coms Gone Bust

Remember the dot com bubble? Well here's a look at the aftermath. During the turn of the millennium the hottest companies on the NASDAQ were Internet companies; companies that made very little profits, but loads of promise. Everyone was talking about the new economy, and the new paradigm in stock market valuations. As with all stock market bubbles and investing fads the dot com boom crashed as reality hit hard. Businesses with no profits or no way of making money were found out and dumped, fortunes were lost, and many investors lost money. See also: The Internet Money Machine

The new economy bubble shone brightest before it burst. Young geeks moved from the back rooms to the board rooms, forming their own dot com companies, making their own rules and belief systems. What they never had was solid, old-fashioned profits...

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