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202_09 - Technology Stocks and The.com Bubble First lesson...

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10/15/08 Technology Stocks and The .com Bubble First lesson: You can make money with technology stocks. Case...Bill Gates Bill Gates' net worth... $50,000,000,000 At 4% interest earns… $5,479,000 a day $100 every 1.6 seconds What can the rest of us do? Opens the stock market to the rest of the public Used to be that you needed a six figure salary and a full service broker in order to invest in the stock market In the 1970’s, being able to buy and sell stocks became accessible to everyone through the internet yourself The technology stock bubble 1996-2000 Allows utopian narrative to take place Everybody was talking about technology stock market Euphoria, everyone was exciting about investing and making money Seeing your money keep going up Case... Amazon.com Went public to sell stocks in 1997 $1,000 becomes $50,000 in 18 months Existed before then but no stock was available In the beginning... there was skepticism... Because stock price had gone up so much, nobody believed it Many people bet AMZN will fall...
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