hunh?Originally posted by mingster
And I'm assuming they went to shit, because people prefer buying form stores, and seeing what they are buying. Essentially, not ever seeing a real need for a middleman? Novelty wore off?
I see.Originally posted by Gizmo
They plummetted because in most cases, these companies did not have a solid business model. Anything connected with the internet did was having an incredible run on the stock market.
So, companies would be created via funding from all to eager banks and venture capitalists. they would quickly be floated onto the stock market and watch their price take off. Using this money, they would buy state of the art computers, servers, fibre optic routers, high speed phone lines etc. etc
Unfortunately, no one really ever gave thought to how their web based businesses would make money. As a result, as companies started running out of cash, they found banks were not willing to extend more credit to them. Hence, they collapsed.
The 1000's of companies that crashed, then tried to sell the computers, servers that they had bought. This in turn led to large companies like Dell, Sun and Nortel going to the shitter. They were competing with themselves and their own products. They had way too much inventory, with no buyers, which just wasted away.
Many .coms failed because their business models were based primarily on technology. While many of the ideas were good, the business acumen was lacking. Technology, for the most part should be the enabler, not the raison d'etre. Many of us have heard "Wow, now its on the internet.Originally posted by MalGlo
cnn.com is starting to charge fee's for some of their services
what happened to the 3rd?Originally posted by OTIS
Now today out of that amount, the US has 2 auto manufacturers.