On the last lecture day of class, our instructor went through the detailed explanation of how the dot com boom benefited everyone, how its fall destroyed dreams, and the absolute insanity of the time period. The presentation was done utilizing toy dinosaurs, to represent the giant power these old companies had, and how due to their lack of insight was wiped out by the general shifting market climate.
The boom began in 1995, with the company Netscape being one of the most valuable companies in the world after going public in the same year. This was the start of many other webservices which was a up and new coming thing to the general public, and an untapped market ready to be utilized. In 1996 many other companies came to light, Yahoo! Amazon, among others.
1997 marked the beginning of the insanity in the online market. Many companies/businesses entered the public market, and what also came was the dominating force of AOL.1998-99 was the year many of these dominating companies obtained other small successful businesses, this is where things got very crazy for the market.
2000 - 2003 saw the inevitable bust of the market, and the downfall of some very big companies such as Exodus Communications, FreeZone, Luminant Worldwide, among a lot of others.2002-2003 things started to normalize again, with the reemergence of these once powerful companies, crawling their way out of certain demise that was seen too commonly for other companies of the time.
Through the bust we've come square back to the overwhelming development and creation of some very big tech companies such as Facebook, among other social media websites such as Youtube and the like.
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