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13 Shocking Developments Since The Bubble Burst 10 Years Ago Today
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The tech bubble popped ten years ago today.
In the intervening years, a lot has changed.
1. Venture capital was huge! It never returned to its highs.
2. Back then there were 360 million people on the web. Today there are 1.7 billion.
3. There were 400 million people in world using mobile phones in 2000. Today it's 4.6 billion
4. Do we really need to bring up AOL, Time Warner or any of that?
5. Microsoft had the highest market cap. And it still does. But Apple is closing in on it.
6. That market cap dominance made Microsoft the scariest company to go head to head with in the world back then! Now, it's Google? Apple?
7. Google's revenue then: $19.1 million. Google's revenue today: $24 billion.
8. Apple was struggling in 2000. It had just $5 billion in cash. Today it's close to $40 billion.
9. The iPhone is just as powerful as a circa-2000 Mac laptop.
10. Amazon had an incredible death and rebirth as it mastered e-commerce.
11. Palm was flying high, with its stock at $700 and its PDA owning the market. Now, it's just trying to stay alive.
12. The NASDAQ never recovered.
13. There was no Facebook, YouTube, Twitter, Barely Any Blogging, No iPhone...A Lot Of Stuff is not the same!
Time passes, everything changes and some things just end.
Highlights
Catholic Online (https://www.catholic.org)
3/14/2010 (1 decade ago)
Published in Business & Economics
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