Dot Com Crash Survivors & Casualties
It doesn’t seem that long ago that the NASDAQ was at 5,132 and every ad during the Super Bowl was for some Dot Com company. But alas, the years pass and some companies survived while others failed. Then, there were some that survived but probably should not have. Survivors include eBay Inc. (NASDAQ:EBAY), Amazon.com, Inc. (NASDAQ:AMZN), Yahoo! Inc. (NASDAQ:YHOO) and Priceline.com Incorporated (NASDAQ:PCLN). But some of the losers include Pets.com, GeoCities and Webvan.
Minyanville Staff summarized it best, saying “…considering what the economy has been through in the past couple of years, it's hard to imagine that just 10 years ago money was falling from the sky so fast it seemed impossible to put enough buckets out to collect it.”
They continue, “Five trillion dollars of value was wiped out of the stock market in the crash. But back then, "value" was about as arbitrary a term as there ever was. What value did TheGlobe.com provide? What about Flooz.com? Many names are long forgotten, and rightfully so.
Some dot-com deaths may have been premature, while certain survivors may not deserve to be alive 10 years later. How is it possible that Yahoo (YHOO) missed the boat to reinvent GeoCities into something that eventually emerged in Facebook? Bet you didn't know that Excite.com is still alive. According to Quantcast, about 700,000 people still visit the site each month, but it's not clear exactly why.”
Check out Minyanville’s article and the cool map of biggest-name survivors and deaths from the dot-com era.