The Dot Com Crash occured from March to October in 2002 -- when the NASDAQ stock market composite index lost 78% of its value. The bubble began in the mid 1990s with widespread, public availability of the World Wide Web.
The new economy of the Internet set the stage for euphoria where speculators were barely able to control their excitement. The crash was set into motion as a series of losses and failures (such as Netscape) were reported in the first quarter of 2000.
Showing posts with label netscape. Show all posts
Showing posts with label netscape. Show all posts
Monday, March 03, 2008
Technology History: The Dot Com Crash
Tuesday, January 02, 2007
Technology History: Netscape
Hoping to reverse a market slide, Netscape announced (in January, 1998) that its web browser would thereafter be free. They also announced that the development of the browser would move to an open-source process.
Later in 1998, AOL purchased Netscape with a $4.5 billion stock transaction. The longer than expected merger process slowed new browser releases -- and Netscape never recaptured its momentum. The good news is that the Mozilla Firefox browser was born out of the open source Netscape project.
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