Coupon Promo Codes arrow Latest News Addition arrow Would We Experience Another 1997 Dotcom Bubble Burst?
Narrow screen resolution Wide screen resolution default color green color orange color
Would We Experience Another 1997 Dotcom Bubble Burst? PDF Print E-mail
Monday, 17 December 2007
Money Laptop2007 marks the tenth year of the 1997 dotcom bubble burst. I remembered the early 90s as booming years because there were many great achievements in terms of world economics. 10 years later which is today, I wonder what kind of economy we would be enjoying.

1997 was the year when I finished high school and off to college life. I stick to IT even though many people were against it as the dotcom bubble just exploded. 10 years later, I believe what I have learnt finally paid off – by getting my online ventures up and running. It’s really a dream come true.

With Google’s move to penalize sites selling text link ads as well as sponsored posts, their actions have caused many well known sites to be added into the dead pool.

Here’s my opinion:

Positive:

The 1997 dotcom bubble burst was the result of companies investing loads of money into ventures which have yet proven to be working. Stock prices of these companies skyrocketed and were overvalued. Because these companies couldn’t deliver what they promised and with overvalued stock prices, it indirectly caused the stock exchange to collapse.

With Google’s move to weed out unproven companies such as Text Link Ads and PayPerPost, it’s clear that their late actions were merely to protect the economy.

Negative:

Google’s move has created a domino effect whereby more and more online companies or website has been added into the deadpool.

You can see sites like CashQuests.com were sold partly because the previous owner could make a few quick bucks, but I believe the main factor was the unpredictability of Google’s policies which might change in the future. At present rate, CashQuests.com has an excellent track record with a good PR rating of 5/10 and good traffic. But with Google’s stance to curb paid posts and link selling (which the sites is currently participating in) I think the site’s profit would be short lived.

Conclusion: The US economy can’t afford another recession. With their on-going war in Iraq, they need money – loads of money. I believe US will do everything that they can to protect their economy – since the online economy also contributes a huge percentage of their overall economy.

I think 2008 would be an excellent year – at least in Asian countries.

PS – 2008 is a good number, numerologically. It means, easy come come wealth.

Comments (0)Add Comment

Write comment
quote
bold
italicize
underline
strike
url
image
quote
quote
Smiley
Smiley
Smiley
Smiley
Smiley
Smiley
Smiley
Smiley
Smiley
Smiley
Smiley
Smiley

busy
 
< Prev   Next >