Those five weird years might never have happened. Three trillion dollars was lost to the economy in what became the signature event of the 1990s, while the dotcommers melted away to nowhere, apparent victims of their own hubris and greed. Three months into the new millennium investors, as if waking from a trance, looked down and panicked and in one of the most spectacular financial crashes ever seen, fled the dotcoms until the entire sector had simply.vanished. And unlike the imagined youth revolutions of the 1950s, Sixties, Seventies, Eighties, this one was remaking society for real.īut no. In the ensuing online web-rush all rules of sound finance were abandoned and the unthinkable appeared to be happening: twenty-somethings were taking over. In the space of a week.ĭuring the mid-1990s a group of young people found themselves lords of a new realm called cyberspace. The man Time magazine called 'The Warhol of the Web' was now reduced to the role of helpless spectator as his personal fortune dwindled from 85 million dollars.to 50 million.to almost nothing. One morning in February 2001, Josh Harris woke to the certain knowledge that he was about to lose everything. The dotcom bubble, its tumultuous crash and the visionary pioneer at its epicenter.
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