Comment by rchaud
11 days ago
Dotcom mania companies were not Internet providers. They tried making money on the internet, something people already saw as worth paying for.
11 days ago
Dotcom mania companies were not Internet providers. They tried making money on the internet, something people already saw as worth paying for.
Cisco, Level3 and WorldCom all saw astronomical valuation spikes during the dotcom bubble and all three saw their stock prices and actual business prospects collapse in the aftermath of it.
Perhaps the most famous implosion of all was AOL who merged (sort of) with TimeWarner gaining the lion's share of control through market cap balancing. AOL fell so destructively that it nearly wiped out all the value of the actual hard assets that TW controlled pre-merger.
This is not really true, e.g. Cogent was basically created by buying bankrupt dotcum-bubble network providers for cents on the dollar.
Also AOL was a mix of dialup provider and Dotcom service. There were many other popular examples of such.
I don't think it is fair to characterize AOL as a bubble baby- they were a thing before that
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