Dot.com to Dot.bomb

             Mr. Fry demonstrated us with dinosaurs figures to show how data services companies rise and fall during Dotcom Bubble Burst crisis. He talked about this as the first appearance of World Wide Web, created by Tim Berners-Lee. Before the invention of World Wide Web, people use internet by using ARPANET. This is like Local Area Network with the structure of TCP/IP. Many companies offers data and network services for banks and offices to communicate in the private network. Then everything is changed when World Wide Web was introduced. It was a free and largest source of data based infrastructure which all the people in all around the world can upload their website any time. World Wide Web is used by Hypertext Markup (HTML) which is a programming language to transfer the codes into visual website that allows people to see and search easily. And I like the use of dinosaurs as an example. They have common with private network service companies are that they are being predators and gone from the Earth entirely. Since dinosaurs are predators, they are likely to kill each other to survive the existence as well as network companies. When there is a time when World Wide Web appeared, they are no longer to survive and difficult to adapt modern technology. So, they gave up and exit entirely as the same as dinosaurs were killed when an asteroid hit. Because of the advantage of the World Wide Web, a lot of companies created their business as creating website and web developing services. This event lead to the rise of tech companies and many people started to invested their money in stock for the startup tech companies. At the same time, the advanced technology of stock market changed entirely in digital system. Because of the vest number of investing into stocks, companies tried to produce a lot to get profits. When a finished product went public and IPO (Initial Public Offering) saw their stock values triple and quadruple in a single day, causing a feeding panic among investors. When investor funds ran out, Dotcom enterprises with financial positions in the hundreds of millions of dollars went bankrupt in a few of months. By the end of 2001, the majority of publicly listed dotcom businesses had gone bankrupt, and billions of dollars in venture money had vanished. The dotcom bubble burst when capital began to dry up. During bubble burst, startup companies got lower interest rates and got attentions of trend of tech companies which got them huge amount of investments although they had no track record of success. Valuations rose and money eventually dried up. This led companies, many of which didn't even have a business plan or product, to collapse, causing the market to crash. 

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