Dot.com to Dot.bomb
The Dot.com companies that began in the 1990s has a very good beginning because it was the introduction of technology and the internet which were new and unexploited. They made good profits because they had many users and members and this gave rise to many companies joining the industry. As the industry grew, new technologies developed and new companies continued joining the field and they had to keep up with the pace of technological advancement. They enjoyed it until the year 2000 when a crash occurred and most companies left the industry probably because they had no business plan and just started the online business because it was marketable. This means that they had no future plans that could guide the growth and innovation of the company. They did not know how to remain competitive in the years to come and how to increase their market share. Most of the companies were rendered bankrupt because the huge sources of funds there were getting from the investors had seized an...