While it's hard to say when the dotcom bubble began to burst, it's now officially clear when the internet stock bubble ended, which would be today. With the NASDAQ taking the first dip to 1996 levels, it's time to grab a Webvan-delivered 40oz out of your orange Kozmo-surplus bag and tip it in honor of all them Pets who still can't drive.
The founders of Webshots.com sold out to Excite@home in '99 for $82.5M, they just bought it back--for $2.4M. $6.7B Excite.com goes for $10M and Blue Mountain Greetings ($780M) goes for $35M. A billion here, a billion there and pretty soon we're talking more than pocket change.
Antidote to Dot-Com Is Dot-Gone, and the Dream With It. The tourists' decampment for winter was quite a spectacle, but the locals dig in.
Dot-Com Is Dot-Gone, and the Dream With It A New York Times article on the dot-com-crash. "Each day, the old idols seem to fade further into the dim past, barely recollected in a country where the languages of "revolution" and "warfare" are no longer just business metaphors. This is the next step after the bursting of the dot-com economic bubble — the bursting of the cultural bubble, the end of the nerd as a crossover hit, of the I.P.O. zillionaire as role model to college students." I agree that our country is in the beginning of a cultural revolution; starting with the dot-com crash last year and accelerating with 911. Am I alone or does anyone agree?
Suckers wanted. Or, as my friend put it, Company that thinks it's still 1995 ISO engineer who also thinks it's still 1995.... (I mean, can they be serious?)
yet another "those dang dotcommers" article i'm tired of all these "how the mighty have fallen" articles. When do we get to talk about something new??
This auction at eBay has to be one of the more entertaining after effects of the dotcom meltdown. Personally, the last suggestion in the ad would be my preferred usage of the item for sale...
Dot-Com Deaths = Black Plague?
Toronto Star Internet columnist K.K. Campbell takes a look at the startling simularities of the dot-com deaths and the black plague."The Dot-Com Death resulted primarily from a little parasite (Internet hypesters, Bombasticus bullroaricus) carried on the body of another parasite (Wall Street IPO underwriters, Securitus scammus maximus) on corporate stocks moving along business capital routes."
51,631 dot com layoffs as of Feb. 01, 2001. Is it that the web allows us to simultaneously view the usual failure of 99% of new businesses, a sign of the coming recession, or just a result of bad business plans and get rich quick schemes? Or was it simply too good to last? Whatever the reason, it's depressing.
A short critique of "Boo 2" at Evolt. With a change in business model at Boo.com comes a new problem: 'pogo purchasing,' in which each product must be ordered separately through different retailers.
"Accept our valuation or let Sand Hill put you into Chapter 11." This article from Red Herring on bridge financing for cash-strapped dotcoms makes the dire nature of the situation pretty explicit.
Dotcom Yuppies Gone Home. As dotcoms crash and burn, real estate prices start to drop.
Who can say that's a bad thing?
Who can say that's a bad thing?
Bye, bye Pets.com Personally, I won't miss that damn sock puppet dog!
For those who like to watch carcrashes but don't want to patronize that site with the vulgar name, The Standard maintains Dot Com Flop Tracker, Dot Com Layoff Tracker, and Dot Com Ex-Exec Tracker.
Salon is running a piece on how the internet has ruined San Francisco. I have to say I agree 100%. I've lived in Southern California all my life and S.F. has historically been a much cooler, mellower place that I looked forward to visiting. But over the past couple of years, I've found myself travelling up there once every couple months, and every time I go it's busier, more crowded, and everyone is in a bigger hurry. For me, the mystique of S.F. is totally gone. The dotcom riches have ruined the place. [found at Camworld]