Friday, November 3, 2017

Details About The Dot-Com Bubble, By Bob Jain

By Jason McDonald


What do you use the Internet for? If you're like anyone else, it serves purposes such as entertainment and communication. It hasn't been able to reach this point without growth and history, the latter of which is especially interesting. The dot-com bubble is often regarded as one of the most important events in economic history. Here are a few details, provided by Bob Jain, to help give you a better understanding of the event at hand.

If you were around during the late 90s, chances are that you recall a technological boom that was headed by the Internet. The World Wide Web, as it was commonly referred to as back then, was so influential that it didn't take long for online startups to form. It didn't take long for investments to be made in said startups. The idea was that these companies were the future, meaning that putting money into them early on would yield long-term rewards.

It wasn't until 2000 that the dot-com bubble began to weaken. According to Robert Jain, it was during this year that dot-coms and other startups saw the most returns. This wouldn't last, though, as profits started to slip over the course of time. Instead of spending time researching and mapping out plans, investors were so focused on making money that they would enter any venture they deemed unworthy. This wouldn't pay off, as numerous losses were reported in 2001.

When it comes to what caused the dot-com bubble to burst, an argument can be made that impatience played the biggest role. After all, when companies are given ample amounts of money, it's expected that they make huge strides in no time. The problem with this is that results aren't immediate, especially when it comes to making money. It would make sense for these startups to close down if expectations for them are too high to reach.

Money was lost in ample amounts as a result of the dot-com bubble situation, and many businesses had to close down. In order for an issue like this to be avoided in the future, there are a few steps to be taken. Investors should research the companies and causes that they plan on backing. Business owners should have long-term plans in place so that they can grow in due time. These are just a few methods that, fortunately, many experts follow today.




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