The Internet is widespread, to say the least, so it's hard to imagine a time when we didn't have it at our fingertips. It wasn't until the late 90s that the World Wide Web came into its own, as evidenced by the historical event known as the dot-com bubble. This is an event that many people remember from recent history, but the specifics are still unclear. For those that would like a learning experience on the matter, here are a few details provided by Bob Jain.
During the late 90s, there was a tremendous uptick in terms of Internet usage, which caught the attention of investors around the world. Technology in general seemed to be on an upswing, and the World Wide Web was at the forefront. Investments were made in Internet-based companies, as investors believed that these would be the future. Many Internet startups were created and they drew in those that would like to invest.
As time went on, though, the dot-com bubble of sorts was starting to lose its volume. The companies that had been invested in beforehand weren't yielding the profits that were expected. As a matter of fact, losses were starting to be reported following a tremendous high in 2001. This wasn't the case in 2001, however, and the proverbial bubble soon burst. As Robert Jain can attest, this is an event worth learning from.
What are some of the greatest causes linked to the dot-com bubble bursting? It can be argued that impatient mindsets played their part, seeing as how startup companies were expected to grow with money alone. It's also worth noting that a number of the startups in question simply weren't profitable enough to last anyway. Problems like these aided in the aforementioned bubble bursting, which serves as a cautionary tale for others to follow.
Money was lost in ample amounts as a result of the dot-com bubble situation, and many businesses had to close down. In order for an issue like this to be avoided in the future, there are a few steps to be taken. Investors should research the companies and causes that they plan on backing. Business owners should have long-term plans in place so that they can grow in due time. These are just a few methods that, fortunately, many experts follow today.
During the late 90s, there was a tremendous uptick in terms of Internet usage, which caught the attention of investors around the world. Technology in general seemed to be on an upswing, and the World Wide Web was at the forefront. Investments were made in Internet-based companies, as investors believed that these would be the future. Many Internet startups were created and they drew in those that would like to invest.
As time went on, though, the dot-com bubble of sorts was starting to lose its volume. The companies that had been invested in beforehand weren't yielding the profits that were expected. As a matter of fact, losses were starting to be reported following a tremendous high in 2001. This wasn't the case in 2001, however, and the proverbial bubble soon burst. As Robert Jain can attest, this is an event worth learning from.
What are some of the greatest causes linked to the dot-com bubble bursting? It can be argued that impatient mindsets played their part, seeing as how startup companies were expected to grow with money alone. It's also worth noting that a number of the startups in question simply weren't profitable enough to last anyway. Problems like these aided in the aforementioned bubble bursting, which serves as a cautionary tale for others to follow.
Money was lost in ample amounts as a result of the dot-com bubble situation, and many businesses had to close down. In order for an issue like this to be avoided in the future, there are a few steps to be taken. Investors should research the companies and causes that they plan on backing. Business owners should have long-term plans in place so that they can grow in due time. These are just a few methods that, fortunately, many experts follow today.
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