Week 11 Assignment
By: Sarah Tran
The Dot.com Boom
Microsoft and Bill Gates
IBM, or the International Business Machines Corporations is an American multinational technology and consulting corporation. Founded by Charles Ranlett Flint in 1911, IBM was originally CTR or the Computing-Tabulating-Recording Company then the Tabulating Machine Company, then the International Time Recording Company, then Computing Scale Company. However, it finally changed to IBM, the International Business Machines in 1924 and served to offer infrastructure, hosting and consulting services in areas ranging from mainframe computers to nanotechnology.The company has manufactured and sold such equipment as dial recorders, job recorders, recording door locks, time stamps and traffic recorders. On August 12, 1981, the IBM PC was built, after breaking through in the technology business IBM became a wealthy company that equipped people with PC's and other technological advances.
Amazon was one of the first online websites and it sold products such as computer hardware, computer software, compact discs, videos and books. Amazon sold online books at a cheaper price that hard copies, which began to hurt bookstores. Amazon expanded their sold products to not only technology but to clothes, cameras, kitchen supplies, etc. Amazon sparked many new online stores that offer an online price along with a shipping price for goods that you could buy in stores.
Originally called Jerry and David's guide to the world wide web, then changed in 1995 to Yahoo, was founded in January 1994. Yahoo was a huge technological leap because it allowed people to search other websites. They were able to search for key terms and large amounts of results pertaining to the topic would show up. The search engine allowed for education answers online and papers online.
Pierre Omidyar founded E-Bay on September 3, 1995. This site was new to the public because it was a version of online auction. People were able to put their items online and sell, as well as search for an item and buy or auction for it. This allowed for home access to shopping, and a market for online goods.
1. Create a slide that explains why the Dot.com Era eventually led to a economic bubble that bursted?
The dot-com boom led to an economic bubble that burst because with many online startup fails, investors cut off funding or unprofitable businesses. Many online businesses lost their profits and had to close down due to the large amounts of similar websites that were better. However, not all dot.com companies failed, some like Amazon and E-bay were successful and increased online profits.