The Tech Bust

March 11, 2001 4:32 PM

Market watchers everywhere are pointing fingers, cracking history books, and otherwise trying to figure out how the Internet economy went from boom to bust so quickly. ZDNet has a lengthy article looking at how things have poopoo'd out for a large share of the market. I think the problem was people tried to make money on the net that didnt involve porn. Check out this crazy bit:

...the stock market losses for America Online, now AOL Time Warner, Yahoo and Amazon.com alone have erased $300 billion in market capitalization since the March 2000 market peak. That's roughly 10 times the market capitalization of General Motors, the world's largest manufacturing company by revenue.

Steve Gibson

Steve Gibson is the cofounder of Shacknews.com. Originally known as sCary's Quakeholio back in 1996, Steve is now President of Gearbox Publishing after selling Shacknews to GameFly in 2009.

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krazy_ivan

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May 14, 2001 10:06 AM

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