Law in Contemporary Society

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TylerCopeSecondEssay 3 - 29 Jun 2015 - Main.MarkDrake
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  In this day and age we are seeing events happening that were absolutely not possible as recent as 25 years ago. These are entrepreneurs getting extremely rich very quickly by developing a website or phone application. The interesting thing is, many of these websites and applications do not make any money in the traditional sense. They are a product that millions of people use that oftentimes do not require an exchange of goods or services. Money is made through the selling of ad space. I’m going to explore the dot.com era and decide if apps are a similar bubble that we are silently waiting to pop.

The dot.com era began around 1993 and grew to a fever pitch by the end of the 90s. Companies were gaining huge investments with low interest rates which allowed them to grow even faster. A quick look at broadcast.com, the internet company that broadcasted different events, will confirm this trend. When broadcast.com was sold to Yahoo, it sold for $5.7 billion. It had millions of users and the general thought at the time was that once a company was big enough, it could charge users for services later. The problem was, many websites never got around to charging for their services. Instead, many sold themselves off to larger companies making their owners millionaires and billionaires. Of the ones who didn’t, many of them folded completely; the others took years for them to regain their stock value (Amazon and eBay for example).


Revision 3r3 - 29 Jun 2015 - 21:55:31 - MarkDrake
Revision 2r2 - 15 Jun 2015 - 20:33:50 - EbenMoglen
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