Dot.com to Dot bomb
Unexpected transition had been risen from the horizon where
the giant network proprietaries like Prodigy, CompuServe, Genie, Yahoo, AOL,
and Delphi could no longer survived and most of them dead right the launch of
Word Wide Web project. Because of the rate that technology was changing made
impossible the adjustment that this network proprietaries were needed to adopt.
While their large number of consumers market disappeared to be part of new innovative
network of networks “the Internet.”
However, the transition of local networks into a magnificent internet was also
happening so fast and it arrived the door of every network user.
This is why Prof. Andrew Fry illustrated what was
happening like the world dinosaur where most of them disappeared. Because of
they could no longer digested rate of change that happen to their Habitat and
instantly they died. The advancement of
technology reached unprecedented level, where it grasped the attention of many
people to invest early for small startup tech-companies that were capable of
changing the way world use to do the business before. While this situation on
the other hand created a financial bubble that over-value a small companies
which has not make profit.
Finally, there were some reasons that was caused the
bubble of Dot.com Dot bomb!
Over-excitement of investing new technology without
unknowing the financial situations of those startup companies was a one factor.
Lack of institutional regulation about the tech-IPO and
how those IPO should been traded. At the same time, how some companies go
public was a part of the problem.
Suddenly, in March, 2000 the financial market in New
York collapsed due to bad investment of tech-companies IPO and the shares of
most tech-companies dropped half or more. While so many companies out of
business in matter of days.