Fergie's Tech Blog

Dot-com mania, part II?

Paul R. La Monica writes in CNN/Money:

The past 10 years have felt more like 100 for many Internet businesses.

The dot-com mania of the mid-to-late 1990s helped make some business people and investors fabulously rich, at least on paper -- and people like former Merrill Lynch analyst Henry Blodget, America Online co-founder Steve Case and the Pets.com sock puppet household names.

But the tech-stocks crash of March 2000 left many investors with stocks trading at a fraction of their all-time highs, and in some cases, worthless.

A host of unprofitable, but widely hyped, online businesses met untimely demises. Remember Webvan, Egghead.com, eToys and Furniture.com? They all went bankrupt -- and dot-com heroes quickly became zeroes.

posted by Fergie @ 6/13/2005 07:25:00 AM