With many people speculating whether plunking down billions into social media this year is setting us up for another potential dotcom crash. AOL Co-Founder Steve Case took to Quora to ” target=”_blank”>address the dotcom bust of the late ’90s and the possible one on the horizon. A notable quotable:
This cycle – hope, hype, despair, rebound, etc – has been interesting to watch (and live through) over the past 25+ years. It is is worth pointing out though that what happened with the Internet is not unique to the Internet – the cycles just happened a little faster. Most significant inventions and industries (cars, etc) have undergone similar transitions.