3 ms·
The biggest losers on the dotcom crash were actually the failed networking companies "selling shovels" who had many 10s billions invested and then went to zero.
by kurthr 3y ago
The biggest losers on the dotcom crash were actually the failed networking companies "selling shovels" who had many 10s billions invested and then went to zero. Only AOL/TW was really comparable to Worldcom, Globalcrossing, with the $100B failures of Nortel and JDS/Uniphase.. Pets, Boo, Flooz etc made a big ad splashes, but were actually pretty small (single digit $B).