Dot.com to Dot.bomb

Our professor gave a very interesting historical rendition of “Dot.com to Dot.bomb, by the use of dinosaur figures. The dot.com bubble was an interesting time period where people were trying to get on the new technology advancement of the “world wide web”. Many venture capitalists started dumping huge amounts of money into companies and ideas that did not even have the stability of an actual company. It was a crazy time period where everyone wanted to get on the action trying to “strike it rich.” There were even moments in the stock market where people valued companies that had been established for many years to be lower than these sudden new companies with no history. In hindsight, you wonder why no one noticed this problem before it had occurred. However, if this had not occurred, there wouldn’t be precautions in the market as there are currently. It was a valuable learning experience, though many people were affected very negatively on that.

I also enjoyed the lecture in the idea that it gave a perspective of how there are companies that were during the Dot.com rush, that still somehow made it out today. Amazon for example is a huge company that exists today, that went through the “.com” ‘gold rush’. It is an interesting perspective to hear from someone who has actually witnessed this moment in history. In some ways it also reflects the recent “bubble” that occurred with the housing market. Perhaps in future people will be able to predict these issues in advance, but I personally find it very unlikely.