The Boom-and-Bust Losers of the Internet Revolution (2001)

Dot Coms Gone Bust (2001) - The new economy bubble shone brightest before it burst. Young geeks moved from the back rooms to the board rooms, forming their own dot com companies. What they never had was solid, old-fashioned profits. Subscribe to Journeyman here: http://www.youtube.com/subscription_c... Joseph Gallivan chronicles the carnage in his N.Y. Post column 'Dead Dot Com of The Day'. But he doesn't feel pity: "On the way up they were very boastful. They were going to change the world". Wall street legend Steph Paternot, founder of The Globe.com, is now an aspiring actor. In the first day of trading his company's shares jumped from $9 to $97. They're now worth 20 cents. Former Internet millionaire Josh Harris turned Internet exhibitionist, filming every detail of his life before packing up and going to India. Dr.Yardeni, analyst at Deutschebank, blames mass delusion, but thinks we haven't seen the end of e-business: "When the oil bubble burst it was just a commodity. But the tech industry is innovative and no doubt they'll come up with the next new thing and we'll all get hyped up..." For more information, visit https://www.journeyman.tv/film/977 Like us on Facebook:   / journeymanpictures   Follow us on Twitter:   / journeymannews     / journeymanvod   Follow us on Instagram:   / journeymanpictures   Journeyman Pictures – Ref. 0977