Tuesday, February 11, 2014

dot com to dot bomb to dot blogpost

The dot com boom certainly was a something.  I honestly don't entirely know how to feel about it.  on one hand it was scary as crap and caused alot of people to lose alot of money, but on the other hand, it makes me want to invent a time machine and cybersquat some domain names like walmart.com and google.com.

Like the whole thing of it was that the web was invented by a man named Tim Burners-Lee and everyone used it to market the hell out of it and made a shit ton of money.  Naturally there were a few large conglomerates in the beginning that hosted the service, now there are fewer.  Since it became a huge thing when it did, like anything else, it over inflated and collapsed upon itself.  The websites, the dot coms, took on too much venture capital and ceased to turn a profit, so when the market crashed in 2001 the dot coms turned into dot bombs.  Like Amazon dipped from a stock price of 107 to 7 after the crash but they are still around.  Some companies like Pets. com failed entirely.

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