4 ms·

Worldcom was 100% related to Tech Bubble. It was the quintessential poster boy (along with pets.com and Webvan).

• caminante 4y ago
  Parent is referring to the "collapse," which was post-tech bubble bursting and due to accounting fraud (not a bubble pop).
  • schlumpf 4y ago
    The accounting fraud was a response to vanishing profitability brought on by the Dot Com bust [0]. [0] https://harbert.auburn.edu/binaries/documents/center-for-ethical-organizational-cultures/cases/worldcom.pdf https://harbert.auburn.edu/binaries/documents/center-for-eth...
    • caminante 4y ago
      Your source doesn't make that connection clear at all. I'm not seeing any connection to the bubble, just overlapping years and "technology" keywords. Can you please quote the paragraph(s) from your source tying vanishing profitability to the "Dot Com bust".