Wednesday, December 5, 2018

Dot Com to Dot Bomb

The years of 1993 to 2001 are referred to as dot com to dot bomb. It was an interesting time frame because of the hype internet companies received. This time period had three different stages, they were an innocent beginning, Boom, Insanity, Bust, and the crawl back to sanity. At the very beginning of the dot com boom the world wide web was three years old. The world wide web was still young enough that many people had yet to take full advantage of it. The same could be said for HTTP which was two years old at the time. In the very beginning in 1993 Spry Inc. Founded by Dave Pool created Air Series to connect businesses to the internet. In 1993 Microsoft also worked with CompuServe and Free Range Media was conceived. 1994 was still considered to be the beginning in this timeline. In 1994 Free Range Media was incorporated and DealerNet was invented. Plus, in 1994 Spry Inc. came out with internet in a box and the second international World Wide Web conference was held along with the introduction of robotic arms. The big technology question of 1994 though was weather to choose Lynx or Mosaic as your web browser. The Boom era began in 1996. This is when Spry Inc. sold to CompuServe and Freezone sold to Thompson target media. Also, in 1996 super bowl began to see technology ads and three big companies were founded in US web, Amazon.com and Yahoo!. 1997 was the transition from Boom to Insanity. IPO.com was created for public offerings and venture capitalists, and in 1997 AOL took charge as the main internet company. Insanity in 1998 include AOL buying CompuServe and InfoSpace going public. The insanity era continued in 1999 with Yahoo acquiring Broadcast.com for 5.7 Billion and Luminant worldwide does an eight company roll up. The transition to Bust period begins in 2000. In 2000 almost, all super bowl ads were for technology and Loudeye technologies became an IPO. InfoSpace was valued as worth more than Boeing. But then Pets.com and MarchFirst go bust. The stock market begins to take a downturn. Then full bust comes in 2001. This is when Exodus communications and Luminant Worldwide declare bankruptcy. Freezone also closed its virtual doors and DrKoop.com goes bust along with many more .com companies creating the dot bomb. 

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