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History Of The Internet
 

History Of The Internet

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    History Of The Internet History Of The Internet Presentation Transcript

    • History of the Internet January 9, 2008
    • Themes for this class
      • Growth of web use
      • The Dot.com bubble
      • Web 2.0
      • How the Internet has changed society
    • Growth of the Web
      • 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
    • In Canada
      • 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
    • Examples: Infospace
      • 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
    • CyberRebate.com (1998-2001)
      • 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
    • Webvan (1999-2001)
      • 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
    • Web 2.0
      • 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?