We finally got Andrew Fry's side of the dot com bust in which he has been referencing all quarter. I finally understand what happened. It turns out venture capitalists were investing into these dot com companies because the internet was the new hot thing, so everyone wanted in on it. They were investing into companies that had profit, even companies that were showing no profit at all, they just wanted in on it. Of course with all this investment and little return it was bound to collapse. The lucky companies got bought out, and the no so lucky companies went bankrupt and their employees laid off.
This presentation was the most interesting for me, because I have always heard about the dot com bust, but never researched it or was given information about it.
No comments:
Post a Comment