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The Tech Bust

by Steve Gibson Mar 11, 2001 6:32pm CST tags: Nerdy News
Market watchers everywhere are pointing fingers, cracking history books, and otherwise trying to figure out how the Internet economy went from boom to bust so quickly. ZDNet has a lengthy article looking at how things have poopoo'd out for a large share of the market. I think the problem was people tried to make money on the net that didnt involve porn. Check out this crazy bit:

...the stock market losses for America Online, now AOL Time Warner, Yahoo and Amazon.com alone have erased $300 billion in market capitalization since the March 2000 market peak. That's roughly 10 times the market capitalization of General Motors, the world's largest manufacturing company by revenue.

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