XxshaylaxX's profile picture

Published by

published
updated

Category: Blogging

Dot.com bubble + Digital Revolution (2000s economy)

The 2000s saw a large amount of change on the technology scale. One of these changes was the internet which was introduced in the 80s to the public. The internet had grown substantially by the year 2000 in what is known as the Dotcom boom. Internet based stocks soared as more companies based on the internet were created. These businesses however, did not have good practices and their value was overspeculated. The supposed value of these companies also caused a media frenzy that encouraged people to invest in or make their own dot com based companies. This created a bubble that popped in the year 2000, many companies struggled but a few that we know today such as Microsoft,  Amazon, and Ebay were able to survive. These surviving companies have a notable impact on our lives today. For example, Amazon made it convenient to get goods to our house in a matter of days, but this convenience negatively impacts brick and mortar shops and small businesses. Cakebread, Caroline. “Amazon.com in 2008 .” Buisness Insider, 20 July 2017, https://www.businessinsider.com/amazon-opened-22-years-ago-see-the-business-evolve-2017-7. Accessed 16 May 2022.


0 Kudos

Comments

Displaying 1 of 1 comments ( View all | Add Comment )

XxshaylaxX

XxshaylaxX's profile picture

citations:

Cakebread, Caroline. “Amazon.com in 2008 .” Buisness Insider, 20 July 2017, https://www.businessinsider.com/amazon-opened-22-years-ago-see-the-business-evolve-2017-7. Accessed 16 May 2022.

Duca, John V. “Subprime Mortgage Crisis.” Federal Reserve History, 22 Nov. 2013, https://www.federalreservehistory.org/essays/subprime-mortgage-crisis.


Report Comment