It is so crazy to think that the internet has only been a common part of society for just a decade. Yes, as we learned, it started earlier than that, but it's so weird to think that just back in high school no one had smartphones, very few had a laptop, and those who were online probably still had dial-up. What would it be like to be 90 years old and remember a time when there weren't even tv's! Cars were an emerging technology!
It's also funny how some of the original players on the net were Sears and H&R Block!
It's always easier to look back and see a bubble, but c'mon! Billion dollar IPOs for companies that haven't made a buck and even one company that technically didn't exist! Insane! The only explanation I can come up with is greed. No one could honestly have believed that some of these companies were worth their valuations, but invested anyway because they knew speculation would make them rich.
That sad truth is that it did make them rich - at the expense of many, many regular folk whos retirement accounts got hammered. Lame.
Anyway, the web is a crazy place and it will be interesting to see what happens with Google, Facebook, and Twitter. And my company!
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