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this post was submitted on 08 Jun 2024
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I wasnt really old enough to follow what we going on, but I think the .com bubble was like this. "get a website! E-commerce! Unlimited weatlh and beauty" and somehow no one stopped to consider that while E-commerce might be convenient, it wasn't going ot create much in the way of new markets. And then in 99 everything crashed and the end of history ended for the first time.
If anything e-commerce just cannibalized revenue from brick & mortar stores and killed malls. So the tech stocks popped while RIETs got killed