O'Reilly logo

Underwriting the Internet: How Technical Advances, Financial Engineering, and Entrepreneurial Genius are Building the Information Highway by Leslie S. Hiraoka

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter 1 Boom, Bust, and Recovery

The Internet Age, like most industrial epochs, was belatedly discovered by the hoi polloi because it arose so suddenly in the mid-1990s and revolved around not only arcane technology but atypical, almost maniacal financing. By 1999 the Nasdaq stock market that underwrote much of the dot-com (as in Amazon.com) phenomenon had surged to such frothy heights that an implosion was all but inevitable, even though media hypesters were cheering on a New Economy emerging from strong productivity gains that they predicted would keep the United States on an accelerating growth path. The vast wealth, created and lost in the blink of an eye, seared the ecstatic rise and agonizing collapse into the annals of business history ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required