In 1990, 3 million people had access to the Internet in the world
In 2002, there were 631 million people using the Internet
The Earth by Internet Use
As of 2005, 68% of Canadians (or 16.8 million adults) used the Internet
Canadians ordered just over $7.9 billion worth of goods and services over the Internet in 2005
26% of adult Canadians, 6.4 million people, logged on to the Internet for education, training or school work during 2005. Nearly 80% of all full- and part-time students did so.
The Dot.com bubble
Starting roughly in 1995 and ending in 2001
Internet companies start up and become very wealthy very quickly
Massive interest despite them not making any money
wanted to bring Internet to cell phones
In October 1999, this stock was priced at $96.88. In March 2000, it had reached $1385.00 per share
At its peak the company was worth more than $31 billion dollars
Used dubious deals and accounting tricks to mask its financial problemes
Stock price fell to $2.67 by June 2002
thought it could make money by giving stuff away for free. The online retailer, founded in 1998, sold an assortment of goods at heavily marked up prices (some items going for up to 10 times their retail values), but promised customers a hefty rebate that often amounted to 100% of the purchase price.
banked on the idea that some percentage of buyers would forget to fill out the rebate form, or fail to do so in time, leaving the company to pocket the money.
But selling items at such wildly inflated prices just about guaranteed customers would go out of their way to get their rebates, quickly sinking CyberRebate into heavy debt.
Went bankrupt in May 2001, with $83.4 million in debt
Online grocer who promised to deliver your groceries in 30 minutes
Raised $380 million, was making millions in sales
Operated in 8 US cities, wanted to expand to 26 more
Spent $1 billion to build warehouses
None of its management had retail grocery experience
Closed in June 2001, laying off 2000 workers
second generation of web-based communities and hosted services — such as social-networking sites, and wikis— which aim to facilitate creativity, collaboration, and sharing between users
Facebook, youtube, myspace, Napster, BitTorrrent are all examples
Destroys the notion we want privacy on the Internet
Impact of the Internet
Marshal McLuhan’s ‘Global Village’
We now more than ever build relationships based on common interests instead of geography
Are we shutting ourselves off from new ideas or finding new ones?