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Everything posted by rat
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Interestingly, the first two killer applications came from the research community,
whereas the last two were created by a few young entrepreneurs.
The period from 1995 to 2001 was a roller-coaster ride for the Internet in the
financial markets. Before they were even profitable, hundreds of Internet startups
made initial public offerings and started to be traded in a stock market. Many com-
panies were valued in the billions of dollars without having any significant revenuestreams. The Internet stocks collapsed in 2000–2001, and many startups shut down.
Nevertheless, a number of companies emerged as big winners in the Internet space,
including Microsoft, Cisco, Yahoo, e-Bay, Google, and Amazon.