Unformatted text preview: started up a website offering them some kind of service in the "new economy" that would be created by the internet. As it turned out, claims about the "new economy" were about ten years premature — the spectacular burst of the dot-com bubble put a lot of people out of work, killed most of the start-ups that proliferated, and hammered the economy of Silicon Valley. Still, the dot-com bubble was, in hindsight, the clearest turning point in public acceptance of the internet as a necessity of everyday life, as proven by the fact that its bust had such a large impact on the economy. Afterwards, the "old internet" (or "web 1.0"), reserved primarily for computer geeks and first adopters, was replaced with the multi-billion-dollar networks we have today....
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- Fall '10
- E-mail, Instant messaging, World Wide Web, Usenet