Monday, March 15, 2010

10. The .com bust

Last Monday, Andrew Fry presented the dot com bust which, very much affected our area of the Puget Sound. I have heard of this before but never truthfully have known what happened. It was interesting to find out what had happened, especially after having all this new knowledge of business and actually being able to understand it. How the businesses got investors for being a dot com seemed way to easy... it was like they were asking for the bust. I guess that I really don't understand why people were investing so much money in it... I guess that it could be since the Internet was new and it was a new idea that a person across the world could see this website and that it might get more attention and sales than just being a normal store on the street because the store can only reach the people in the area. My parents were one of those people who had AOL with that dial up and the "you got mail". Till a few months ago my parents were still paying for this and they have had Comcast cable Internet for years now... After I had found out that they were still paying for AOL it took me forever to explain to them that they didn't have to pay just to have an email account through AOL and that they are actually paying for the dial up that they were not using anymore.
I liked the dinosaur representations of the different Internet providers, made it a little more interesting.

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