The dot-com bubble burst 20 years ago. Experts explore its lessons. - Business Insider

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.

On March 10, 2000, the tech-heavy Nasdaq Composite Index reached a high of 5048, doubling in just one year as the tech sector rode a wave of dot-com startups with names like Pets.com and Webvan. The creation of the World Wide Web in 1989 sparked the rise of dot-com startups looking to cash in on the internet revolution. Some of these startups became today's tech powerhouses, led by Amazon and Salesforce.

"There was so much talk in those days about 'capturing eyeballs,' but in many cases there was no way to get to a sustainable business model," he told Business Insider. Allen said that type of hubris "was a good lesson, especially today with the AI revolution making similar echoes." "He started laughing and then put his feet on the desk," Ives recalled. "That same day, many of my tech stocks were down more than 20% as the market started a panic selloff. The crash had started and much pain was ahead for many."

Bajarin of Creative Strategies Inc said: "The good news is that it separated the wheat from the chaff. Dot-coms with no business model were cast aside and only companies who could prove they could make real money got funding after that. It brought investing discipline to the formerera. Because of that companies like Facebook, Twitter, Uber and others were invented and helped spur the current tech boom that is still strong today.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

The US box office suffered its worst weekend in more than 20 years - Business InsiderThe total US box office was less than $55 million, the worst it's been since 1998, as major theater chains reduced capacity.
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »

3 reasons to explore refinancing your student loans now, while interest rates are low - Business InsiderNote that refinancing is not right for everyone — borrowers who have had a big drop in their credit score, a recent bankruptcy, or who don't have a steady income may not see the benefit
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »

How businesses are handling coronavirus delays, demand, and sales - Business InsiderThe coronavirus is impacting the largest companies and smallest startups alike. Entrepreneurs share the strategies moving their companies forward. you know, all those business actually struggling have the press to blame directly.
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »

Surgeon General warns 'there's every chance that we could be Italy' - Business Insider'When you look at the projections, there's every chance that we could be Italy,' Adams said. More than 1,800 have died in Italy from COVID-19. 'We will be Italy' - here, I fixed it for you. Is this statement after he was on FoxFauxNews saying South Korea was communist. Doh they are a democracy. This administration needs to stick to facts instead of personal opinions. There lack of intelligence reveals itself.
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »