From Dot.com to Dot.bomb

            The beginning of the Internet (1993) and the beginning of the Web (1994) was a fairly calm time where new companies began their development online. A year later and things started to get exciting during the boom that lasted until 1997 where more companies sprouted up and began their growth and increase of power. 1997-1999 was insanity as the strong companies bought out the weaker companies, adding to their power and decreasing competition. However when 2000 hit, countless companies failed and the stock market took an unfortunate downturn that lasted until 2002. Companies that were not successful had to bankruptcy and lay off their employees. By the end of 2002, the Internet began to rebuild itself and website companies started to crawl back again.

            Basically the start of this electronic industry with the race to gain power was fast and lacking stability, resulting in many short life spans for companies.

            Ironically, a helpful way to illustrate this new period of “dot.com to dot.bomb” is by comparing it to the ancient age of dinosaurs. The competitive companies were like the dinosaurs; the powerful large dinosaurs ate the weaker ones (like how companies bought out others) and showed their dominance in the community/industry. In addition, similarly to how the dinosaurs suffered from a meteor impact, companies suffered from a financial tragedy that caused the extinction of many species in the industry. But after all that was said and done, life still went on. Well, dinosaurs didn’t come back, or at least haven’t yet, but other organisms evolved and persisted through time. The same is true for the Internet realm and the new platforms that have developed and are flourishing in our lives today.