To celebrate our 20th anniversary of providing reliable IT support across Lincolnshire and Nottinghamshire, each month we are looking back at how technology has changed over the last 20 years.
The term dot-com boom was popularised in 1995 when companies and individuals started creating websites on the Internet, and quickly made money. Between 1995 and 2001, Internet-based companies were making large amounts of capital from stocks and investments. However in 2000, many Internet companies began failing.
After the bubble burst in 2000, a number of popular online companies went under including pets.com and startups.com. Even Large and successful companies that we use regularly in 2015 were affected, with Cisco’s stock declining by 86% and shares in Amazon and eBay falling from 107 dollars to 7 per share. Hard to imagine now that in 2015, each share is worth around 400 dollars.
Since the ‘dot-com bust’, many Internet companies have continued to thrive. With so many Internet companies starting up each day and some being sold for billions of dollars, could we be due another Internet bubble?
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