Remembering the crazy dot-com boom.
In November of 1998, a small California Internet provider named AvTel Communications announced they were providing local ADSL service to the community via a typical (and innocent, at least so it was thought) corporate press release. Business wires
completely mis-interpret the release, CNBC talks about it on air, then clueless investors hoping to get rich quick start throwing money at the stock causing the stock price to rise an amazing 1284% in one day
before trading is suspended. After several class-action suits
, and a company re-name
, the company managed to survive the hoopla, but only barely. Now they're being de-listed
like yesterday's trash. Did something like this ever happen to a company for whom you worked? Let's share! (Yeah, I worked there then.)
posted by WolfDaddy
on Sep 12, 2002 -
Buffett calls Internet investing "a big trap"
If only many investors would have listened to Mr. Buffett a few years ago. Today, in Omaha, Buffett said, "But I think the idea that you could take any business idea and turn it into wealth on the Internet is just wrong." Common sense strikes again.
posted by shackbar
on Apr 29, 2001 -
Blogs of Our Lives.
There I was, enjoying a Burger King breakfast, reading the local Gannett paper, when I turn to their Tuesday technology section and find . . .
posted by fpatrick
on Apr 10, 2001 -
Children, if you can't play nice, go to your rooms. Microsoft
are now throwing rotten eggs at each other. I haven't seen the atmosphere between two large corporations get this ugly since the MCI/AT&T long distance wars. As Ars Technica
puts it, "Man, their bad blood has gone from lengthy legal disputes to 'Oh Yeah? Well your mom is ugly!' type squabbling."
posted by Steven Den Beste
on Feb 12, 2001 -
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.
posted by crushed
on Feb 2, 2001 -
Deepleap.org is up.
No one mentioned this yet, so I figured i would. Everyone go whine about the reload button not working.
posted by alan
on May 25, 2000 -