Dot.Con : The Real Story of Why the Internet Bubble Burst

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This is a sceptical history of the internet/stock market boom. John Cassidy argues that what we have just witnessed wasn't simply a stock market bubble; it was a social and cultural phenomenon driven by broad historical forces. Cassidy explains how these forces combined to produce the buying hysteria that drove the prices of loss-making companies into the stratosphere. Much has been made of Alan Greenspan's phrase "irrational exuberance", but Cassidy shows that there was nothing irrational about what happened. The people involved - fund managers, stock analysts, journalists and pundits - were simply acting in their own self-interest. Technology provided the raw material for the boom, but that is only part of the story. "Dot.con" describes and explains the all-too-human behaviour of the stock market bubble: how it got going; sustained itself for longer than anybody expected; and then, just when people were starting to think it might not be a speculative bubble after all, went pop.
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Product details

  • Paperback | 416 pages
  • 128 x 192 x 20mm | 322.06g
  • London, United Kingdom
  • English
  • New edition
  • New edition
  • notes, index
  • 0141006668
  • 9780141006666

Table of contents

From memex to world wide web; popular capitalism; information superhighway; netscape; the stock market; ipo; yahoo!; battle for the 'net; irrational exuberance;; the new economy; a media bubble; greenspan's green light; euphoria; queen of the 'net; trading nation; web dreams; warning signs; the fed strikes; crash; dead dotcoms.
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About John Cassidy

Formerly writer on business and the economy for THE SUNDAY TIMES, now at THE NEW YORKER.
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Rating details

259 ratings
3.83 out of 5 stars
5 21% (54)
4 48% (124)
3 25% (65)
2 6% (15)
1 0% (1)
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