This is quite the interesting story, so much happened in such a short time. Well I'm not sure if 10 years is such a short amount of time but it didn't seem that long since I was a kid when all this happened. Regardless of the actual amount of time the Dot.Com to Dot.Bomb phenomenon was shocking to say the least. To me it was this way because out of nowhere there were all these companies that today some people including myself never heard of until they are told about it from somebody who was involved, and in my case my Professor.
There were companies such as Prodigy, which was owned by Sears and IBM. To me that's just a crazy combination to think about in today's age but they did exist, and craziest part was that they were worth more than Boeing. There were many cases of companies who were being overinflated due to all of this fake stock that was selling because nobody was really regulating the IPO's or paying attention to how much money these companies actually had. In theory all of these tech startups were worth millions and millions but in reality they didn't have hardly any of that. Although things were looking good in the online tech industry because everyone was getting overexcited about what was happening and their capabilities online the market became flooded with people trying to do the same thing. Then in about March 2000 the financial market in New York collapsed due to bad investments in all of these over hyped tech companies. Then nobody was wanting to buy into these companies and the market just was for the most part done with except for companies like Microsoft.
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