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Dotcom mania companies were not Internet providers. They tried making money on the internet, something people already saw as worth paying for.
by rchaud 1y ago
Dotcom mania companies were not Internet providers. They tried making money on the internet, something people already saw as worth paying for.
- formerly_proven 1y agoThis is not really true, e.g. Cogent was basically created by buying bankrupt dotcum-bubble network providers for cents on the dollar.
- hx8 1y agoAlso AOL was a mix of dialup provider and Dotcom service. There were many other popular examples of such.
- 1234letshaveatw 1y agoI don't think it is fair to characterize AOL as a bubble baby- they were a thing before that
- yeasku 1y agoNor I dont think Coget, GX or Level-3 were dotcom companies.
- munk-a 1y agoCisco, Level3 and WorldCom all saw astronomical valuation spikes during the dotcom bubble and all three saw their stock prices and actual business prospects collapse in the aftermath of it. Perhaps the most famous implosion of all was AOL who merged (sort of) with TimeWarner gaining the lion's share of control through market cap balancing. AOL fell so destructively that it nearly wiped out all the value of the actual hard assets that TW controlled pre-merger.