The rise in popularity of the Dot-com was founded on the
concept of e-commerce. E-commerce is something we’re all too familiar with in
this modern digital age. Many people utilize e-commerce on a daily basis to
purchase products on sites like Amazon, to pay for books and classes online. In
its start, dot-com business thrived on selling products online. Some of the
first items sold were books, software, and wine. These items are easy to ship
and aren’t prone to expiration. Companies published e-catalogs to help
consumers become acquainted with online shopping.
One of the biggest consequences found with the rise of the dot.com
boom is disintermediation. Disintermediation means the exclusion of the middle
man. Real estate and travel agents found themselves at serious risk, as did
local retail stores as consumers were no longer required to visit a store for
goods.
While confidence and company stocks were at an all-time
high, many investors and businesses overlooked certain aspects. Numerous
companies lost several shares and assets during the decline of the dot.com
boom. Companies such as Cisco and Amazon managed to stay afloat and thrive to
this day.
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