Internet and Economy Presentation

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  • 1. By Eric Kleppen and Jack Walther
  • 2.
    • Started in 1995
    • Centered around online startups with poor business models
  • 3.
    • Began in 1995 when Netscape went public turning its investors and creators into millionaires overnight.
    • People wanted to replicate the success Netscape had
  • 4.
    • The first big, commercialized web browser
    • Developed by Jim Clark and Marc Andreessen in 1994
    • Went public in 1995
  • 5.
    • Exemplifies free market capitalism and supply and demand.
    • Business determined the success or failure of the online startups. Naturally the most successful were easy to navigate and provided a positive customer experience
    • Video about the bubble bursting
  • 6.
    • What are some online businesses you use?
  • 7.
    • Successful websites are easy to navigate, suggest accessories, or similar items, and utilize customer feedback.
    • Examples:
  • 8.
    • Video case study
    • How do you think The Globe could have been successful after the bubble burst?
  • 9.
    • Fiber-optic cable bubble was the telecommunications response to the need for more bandwidth as some economists and businessmen predicted unlimited exponential growth of dotcom business.
  • 10.
    • Would you rather open an online store or a brick and mortar store?
  • 11.
    • Online sales continue to grow each year
    • They cost less to operate and can be managed out of the home
    • Online stores have a global reach
  • 12.
    • Cyber-Monday falls on the Monday after thanksgiving and black Friday
    • A trend backed by online and physical retailers
    • Over 1 billion was spent during 2010’s cyber-Monday.
  • 13.
    • Was the dot-com bubble beneficial in the long run?
    • Will there be another bubble with a new technology?
  • 14.
      • Do you think that telephone applications like the ones designed for the iPhone and android phones were/are a technology that experienced a bubble?
  • 15.
    • Apple sold over 1.5 billion apps in the apps store’s first year.
    • Companies are investing large amounts of money into smartphone app development.
    • Smartphone sales are the most rapidly growing sector of mobile phone sales.