The Dot.com boom began in the early 1990's, ends around 2001, and slowly recovers until 2003.
During the early 1990's many businesses wanted an online presence in order to stand out above the competition or wanted more exposure in the public eye. They were typically funded by venture capitalists due to the small sizes of many of these companies.
At this point the costs of creating these websites began to soar as well as the costs to hire people or companies who are able to build these websites.
During the period between 1997 and 2000 is when the Dot.bomb occurred. At this time the costs of websites and employees to maintain such sites reached the point that many businesses were forced to go bankrupt such as Pets.com and Marchfirst, or be bought out by another company.
Businesses were also forced to fire large portions of their workforce.
At this point InfoSpace is worth more than Boeing and the stock market goes down due to over-inflated stocks.
The web begins to make a recovery around 2002-03 with Amazon.com posting a profit and Expedia.com exceeding analyst expectations. In 2003 the job market begins to rebound, interest increases for technology o=in medicine, and InfoSpace begins to recover.
Thursday, November 26, 2015
Wednesday, November 11, 2015
What 3 Things Would You Never Buy Online?
With the topic of web commerce being introduced and how a majority of people use it a question came up asking what we would not buy online. Here's my top 3:
1). Food. I would not buy this because you are unable to check the item to determine whether it is in good condition or not. If someone were to order food online it would need to function in the same respect as take-out or delivery or else the food would not last long.
2). Clothing. Though I do not have never done this before I always think of the scenario where I order clothing online and nothing is the proper size because I'm ordering from a company or even a country that uses a different size system for clothing.
3). Electronics. By electronics I do not mean video games, I mean things like televisions, gaming systems, appliances, etc., the reason for this is not because I feel like I might get ripped off or receive a "bootleg" product. I am afraid that what I ordered will get damaged in transit to its destination(s). This category is kind of hypocritical because with some of the electronics I buy it is fair to ask "how did they get to the store in the first place?" which the response would most likely be a form of transit whether it be by plane, car, or van.
4). A functioning human liver. First of all, don't judge. Second due to the common 5-7 business days it would take to ship anything it would most likely expire by the time it arrived making it unable to be "used" or perhaps consumed for nourishment. And don't get me started on the questions people ask once you obtain such a thing, asking stuff like "Why do you have a liver," and "Give me back my liver," and the most common "I'm calling the cops you freak."
1). Food. I would not buy this because you are unable to check the item to determine whether it is in good condition or not. If someone were to order food online it would need to function in the same respect as take-out or delivery or else the food would not last long.
2). Clothing. Though I do not have never done this before I always think of the scenario where I order clothing online and nothing is the proper size because I'm ordering from a company or even a country that uses a different size system for clothing.
3). Electronics. By electronics I do not mean video games, I mean things like televisions, gaming systems, appliances, etc., the reason for this is not because I feel like I might get ripped off or receive a "bootleg" product. I am afraid that what I ordered will get damaged in transit to its destination(s). This category is kind of hypocritical because with some of the electronics I buy it is fair to ask "how did they get to the store in the first place?" which the response would most likely be a form of transit whether it be by plane, car, or van.
4). A functioning human liver. First of all, don't judge. Second due to the common 5-7 business days it would take to ship anything it would most likely expire by the time it arrived making it unable to be "used" or perhaps consumed for nourishment. And don't get me started on the questions people ask once you obtain such a thing, asking stuff like "Why do you have a liver," and "Give me back my liver," and the most common "I'm calling the cops you freak."
Wednesday, November 4, 2015
Online Scavenger Hunt the Movie 3000, the Prequel
On November 2nd our class was divided into several groups of 3 and instructed to search the web for items contained in a packet which each group was given. The group which won first place would receive extra credit and a gift card.
Once the assignment had started each group member became responsible for finishing a page of the packet. I was given the middle page.
Most of the information was not to difficult to find, only requiring a simple search question and five or so seconds of searching for a web page. If I were to gauge the difficulty of my searches I would place them in the middle but leaning a tad bit more to the 'easy' side.
Though I began the assignment wanting to win or at least reach 2nd place, one of my teammates was much more motivated and experienced than I was and it was because of her we finished around 30 minutes in and received first place.
This exercise was used to show us how easy it is not only to search for information, but also other peoples personal information with little to no effort.
Once the assignment had started each group member became responsible for finishing a page of the packet. I was given the middle page.
Most of the information was not to difficult to find, only requiring a simple search question and five or so seconds of searching for a web page. If I were to gauge the difficulty of my searches I would place them in the middle but leaning a tad bit more to the 'easy' side.
Though I began the assignment wanting to win or at least reach 2nd place, one of my teammates was much more motivated and experienced than I was and it was because of her we finished around 30 minutes in and received first place.
This exercise was used to show us how easy it is not only to search for information, but also other peoples personal information with little to no effort.
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