The Bubble: Reconsidering the Boom and the Bust
Posted by John Patrick on Dec 23, 2004 in On Demand
Rob Norton asked me to write the essay below. Many thanks to Rob for his editing assistance. The essay was published by Booz Allen Hamilton in their magazine, Strategy+Business, Isssue 37, Winter 2004.
Best Business Books 2004
| The Bubble – Reconsidering the Boom and the Bust by John R. Patrick As Internet companies began to implode in large numbers during the final months of 2000, an early warning sign of the extent of their difficulties was a Wall Street Journal story about the failure of a European e-tailer, headlined “Boo.com’s Collapse Further Darkens E-Tailing Picture.” The implication was gloom and doom, and it was prescient. Webmergers.com reported that at least 210 Internet companies folded in the year 2000. By December 27, 2001, the Journal reported that the “Dot-Com Death Toll” had more than doubled, to 537. The “bubble” had popped. (read full essay) |
