Catastrophe Part 1. Dotcom, Bill Clinton and the "new economy"
If you do not do the economy, the economy itself will you Ten years ago there was the largest disaster in the history of the IT-industry - "the collapse of the dot-com. In March 2000 the index of shares fell computer and Internet companies on the "high tech" stock exchange NASDAQ. Most IT-companies have burst with the American Stock Exchange shares. During 2000-2001, thousands of Internet companies (mainly in the U.S. and Europe) went bankrupt, were liquidated or sold. Many of their executives were convicted of fraud and embezzlement of investors' funds. The majority of new business models focused on Internet technology firms were not viable. IT-industry entered a period of prolonged recession. Creator packet technology of computer networks Ethernet Robert Metcalfe somehow derived a formula: the usefulness of any network is directly proportional to the square of the number of its users. Metcalfe certainly never guessed that his formula will one day be almost the main...