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Microsoft's IPO did not lead to the dotcom bubble. It was Netscape's IPO that did that. Microsoft and Intel's stocks were a big deal in the 90's. But they wer
by ijidak 2y ago
Microsoft's IPO did not lead to the dotcom bubble.
It was Netscape's IPO that did that.
Microsoft and Intel's stocks were a big deal in the 90's. But they were solid businesses.
To my memory, the idea of getting rich overnight simply by being tied to the Internet started with the Netscape IPO.
- vessenes 2y agoYep. Michael Lewis’s book The New New Thing is a great little window into that timeframe. He claims Jim Clark really wanted a new boat, so Clark forced the IPO on the board to get some liquidity. Another major moment marking a ‘new market dynamic’ was Microsoft buying Hotmail in 1997 for roughly $400mm? Pretty much unheard of pricing for a web company.