- Sep 19, 2011
- 28,498
- 10,070
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- Thread starter
- #21
HEY PLEASE TELL ME THESE EVENTS didn't Occur! I and millions want to know it was a bad dream!
1) Dot.com bust cost $5 trillion in market loss "The Stock Market Crash
of 2000-2002 caused the loss of $5 trillion in the market value of
companies from March 2000 to October 2002.[13]
Dot-com bubble - Wikipedia, the free encyclopedia
2) The 9/11 terrorist destruction of the World Trade Center's Twin Towers,
killing almost 700 employees of Cantor-Fitzgerald, accelerated the
stock market drop; the NYSE suspended trading for four sessions.
The stock market lost 16% of its value on 9/11. The stock markets
themselves estimate the real costs to the market in lost value and
profits at close to $2 trillion over time.
Economic terrorism: Bin Laden was major contributor to budget deficit - National economic policy | Examiner.com
* Boo.com, spent $188 million in just six months[15] in an attempt to create a global online fashion store. Went bankrupt in May 2000.[16]
* Startups.com was the "ultimate dot-com startup." Went out of business in 2002.
* e.Digital Corporation (EDIG): Long term unprofitable OTCBB traded company founded in 1988 previously named Norris Communications. Changed its name to e.Digital in January 1999 when stock was at $0.06 level. The stock rose rapidly in 1999 and went from closing price of $2.91 on December 31, 1999 to intraday high of $24.50 on January 24, 2000. It quickly retraced and has traded between $0.07 and $0.165 in 2010 .[17]
* Freeinternet.com – Filed for bankruptcy in October 2000, soon after canceling its IPO. At the time Freeinternet.com was the fifth largest ISP in the United States, with 3.2 million users.[18] Famous for its mascot Baby Bob, the company lost $19 million in 1999 on revenues of less than $1 million.[19][20]
* GeoCities, purchased by Yahoo! for $3.57 billion in January 1999. Yahoo! closed GeoCities on October 26, 2009.[21]
* theGlobe.com – Was a social networking service, that went live in April 1995 and made headlines by going public on November 1998 and posting the largest first day gain of any IPO in history up to that date. The CEO became in 1999 a visible symbol of the excesses of dot-com millionaires.
* GovWorks.com – the doomed dot-com featured in the documentary film Startup.com.
* pets.com - a former dot-com enterprise that sold pet supplies to retail customers before entering bankruptcy in 2000.
* open.com - Was a big software security producer, reseller and distributor, declared in bankruptcy in 2001.
* InfoSpace – In March 2000 this stock reached a price $1,305 per share,[22] but by April 2001 its price had crashed down to $22 a share.[22]
* lastminute.com, whose IPO in the UK coincided with the bursting of the bubble.
* The Learning Company, bought by Mattel in 1999 for $3.5 billion, sold for $27.3 million in 2000.[23]
* Think Tools AG, one of the most extreme symptoms of the bubble in Europe: market valuation of CHF 2.5 billion in March 2000, no prospects of having a substantial product (investor deception), followed by a collapse.[24]
* Webvan, an online grocer that operated on a "credit and delivery" system; the original company went bankrupt in 2001. It was later resurrected by Amazon.
* WorldCom, a long-distance telephone and internet-services provider that became notorious for using fraudulent accounting practices to increase their stock price. The company filed for bankruptcy in 2002 and former CEO Bernard Ebbers was convicted of fraud and conspiracy.
* Xcelera.com, a Swedish investor in start-up technology firms.[25] "Greatest one-year rise of any exchange-listed stock in the history of Wall Street." [26]
1) Dot.com bust cost $5 trillion in market loss "The Stock Market Crash
of 2000-2002 caused the loss of $5 trillion in the market value of
companies from March 2000 to October 2002.[13]
Dot-com bubble - Wikipedia, the free encyclopedia
2) The 9/11 terrorist destruction of the World Trade Center's Twin Towers,
killing almost 700 employees of Cantor-Fitzgerald, accelerated the
stock market drop; the NYSE suspended trading for four sessions.
The stock market lost 16% of its value on 9/11. The stock markets
themselves estimate the real costs to the market in lost value and
profits at close to $2 trillion over time.
Economic terrorism: Bin Laden was major contributor to budget deficit - National economic policy | Examiner.com
* Boo.com, spent $188 million in just six months[15] in an attempt to create a global online fashion store. Went bankrupt in May 2000.[16]
* Startups.com was the "ultimate dot-com startup." Went out of business in 2002.
* e.Digital Corporation (EDIG): Long term unprofitable OTCBB traded company founded in 1988 previously named Norris Communications. Changed its name to e.Digital in January 1999 when stock was at $0.06 level. The stock rose rapidly in 1999 and went from closing price of $2.91 on December 31, 1999 to intraday high of $24.50 on January 24, 2000. It quickly retraced and has traded between $0.07 and $0.165 in 2010 .[17]
* Freeinternet.com – Filed for bankruptcy in October 2000, soon after canceling its IPO. At the time Freeinternet.com was the fifth largest ISP in the United States, with 3.2 million users.[18] Famous for its mascot Baby Bob, the company lost $19 million in 1999 on revenues of less than $1 million.[19][20]
* GeoCities, purchased by Yahoo! for $3.57 billion in January 1999. Yahoo! closed GeoCities on October 26, 2009.[21]
* theGlobe.com – Was a social networking service, that went live in April 1995 and made headlines by going public on November 1998 and posting the largest first day gain of any IPO in history up to that date. The CEO became in 1999 a visible symbol of the excesses of dot-com millionaires.
* GovWorks.com – the doomed dot-com featured in the documentary film Startup.com.
* pets.com - a former dot-com enterprise that sold pet supplies to retail customers before entering bankruptcy in 2000.
* open.com - Was a big software security producer, reseller and distributor, declared in bankruptcy in 2001.
* InfoSpace – In March 2000 this stock reached a price $1,305 per share,[22] but by April 2001 its price had crashed down to $22 a share.[22]
* lastminute.com, whose IPO in the UK coincided with the bursting of the bubble.
* The Learning Company, bought by Mattel in 1999 for $3.5 billion, sold for $27.3 million in 2000.[23]
* Think Tools AG, one of the most extreme symptoms of the bubble in Europe: market valuation of CHF 2.5 billion in March 2000, no prospects of having a substantial product (investor deception), followed by a collapse.[24]
* Webvan, an online grocer that operated on a "credit and delivery" system; the original company went bankrupt in 2001. It was later resurrected by Amazon.
* WorldCom, a long-distance telephone and internet-services provider that became notorious for using fraudulent accounting practices to increase their stock price. The company filed for bankruptcy in 2002 and former CEO Bernard Ebbers was convicted of fraud and conspiracy.
* Xcelera.com, a Swedish investor in start-up technology firms.[25] "Greatest one-year rise of any exchange-listed stock in the history of Wall Street." [26]
Hahahaha yeah right, like the supporters of President Bush "never"(wink, wink) dredged up the name Clinton hmmmmm?
