When I was googling for my assignment, I was confident that researching for an internet related activity that happened on the same month and year of my birthdate was easy. And yes, I was right. Even though my birth date was not remarkable in the history, some worldwide events had happened such as the biggest concert of Ferry Mercury in London where 80 000 people had attended and the celebration of Adolf Hitler’s birthday. (Yes, we have the same birthday!).
As I continued to research for an internet-related event that happened on the 20th day of April 1992, I found out that this date was the birth of the Dot-com bubble. I was clueless about it that’s why I made further research about what this dot-com bubble is. According to google, Dot-com bubble was an internet-based company that did most of its business on the Internet. Its type of bussiness model relied on harnessing network effects by operating at a sustained net loss to build market share . These companies offered their services or end product for free with the expectation that they could build enough brand awareness to charge profitable rates for their services.
This business, though didn’t last until the year 2000 was still influential because it gave rise to the idea of using internet not only for the purpose of communication but for the purpose of business and globalization.
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By: Kathleen Joy Gabaon
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