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Dot Com Crash: Whose Fault Is it Anyway? Internet Articles | December 7, 2001
The ... coming off the crash in dot com stocks are adding up to a bleak picture. This week I read an ... in ... News by managing editor Peter Brown that ... some ... n


The statistics coming off the crash in dot com stocks are adding up to a
bleak picture. This week I read an editorial in Electronic News by managing
editor Peter Brown that presented some disturbing numbers. According to
Reuters Media, a total of 100 Clayton Thorson Jersey ,000 jobs have vanished from the Internet
economy since December , 1999. A full 50,000 of those jobs have disappeared
since February. In three bloody months, the dot com damage has doubled. In
April, 55 dot com companies shut their doors Shareef Miller Jersey , which is up from the March
total of 44. Since January of last year, 435 Internet-based companies have
folded. More than half of these closures occurred this year alone.

The carnage has spread far beyond Silicon Valley. Seems much of our economy
is now shaking because of the dot com fall out. Even the major television
networks, ABC, NBC and CBS blame their current advertising revenue woes on
the dot com failures. Certainly Cisco, Sun Microsystems and Intel are
suffering from fall-off in demand for their Internet-boom products. Many
observers blame the downturn itself on the popping dot com bubble. I guess
the failure of a few hundred Internet start-ups can drag down the entire
global economy. So whose fault is it?

Is it the dot com executives fault?

Should we blame the 26-year-old college dropout who was funded to the tune of
$15 or $20 million to develop a cool new way for teens to communicate with
each other over the Net? We say JJ Arcega-Whiteside Jersey , "Hey, how do you make any money off bringing
a bunch a kids to chat rooms and games?" I say, how is a 26-year-old college
dropout supposed to question the business model of a company that has been
funded to draw audience rather than to create profits? Remember the eyeball
rush? The dot com start-up kids were not given the mandate to build
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