The Massive Financial Loss Due to the Dot-Com Bubble Crash

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In the beginning, the Internet was created by the military in 1958 for their own personal purposes. They had no idea how many people would be interested in the Internet, nor how much the Internet could grow into what it is today. The Internet as we know it today did not come about until 1995. Now, it is said that approximately one third of the world's population uses the Internet, and it is still growing. The dot-com bubble spanned from 1995 to 2000 and involved the entire world. The Internet caused an unprecedented growth and speed in business because of how accessible it was to everyone. Many people wanted to become involved because they saw how fast it was growing. One company that made it possible for so many participants to invest was NASDAQ, the first online stock exchange and is now the 2nd largest in the world. This caused ordinary people to get involved whereas in the past the stock market was reserved for businessmen and corporations. NASDAQ made it possible for the average guy to make quick money, whereas the job market required education, degrees, and work experience. Anybody could make money sitting at home on their personal computers, which was completely revolutionary. In fact, many companies started in garages (Apple, EBay, and Amazon for example). Many of these companies saw an expeditious expansion in customer base and funding if they attached the prefix "e-" or added ". com" to their name. Every business rushed to be the first of their kind, and each desired a monopoly. This, in the end, was a major part that led to the downfall of the dot-com bubble. Companies were rushing to expand their client base without determining a long-term business plan. The whole thing was moving so fast that investors would give thei...

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So how does this relate to And Then We Came to the End? The dot-com bubble caused companies to depend on the Internet as they never had before. They found that they needed the Internet for customer bas expansion and marketing or else they would lose their clients. In And Then We Came to the End shows us how major companies that previously flourished experienced mass losses and layoffs in the rush of the bubble. Since the time of the industrial revolution, companies main focus were powerful executives, which changed swiftly with the Internet companies focus on the individual customer. Suddenly, they were losing out to small companies started in people’s own homes. People were getting rich quick, and the dot-com bubble suggested that if a company was to survive they needed to focus on expansion, even if revenue losses were large.
"Get Big Fast"- jeff bezos.

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