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this post was submitted on 12 Oct 2024
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.com bubble 2.0
No one uses internet anymore since that happened.
Not everybody owns/runs a website since .com bubble, which was the actual narrative during those years preceding the bubble burst.
1999: Your business needs .com website. 2024: Your business needs AI/chatbot.
It's hard not to notice the parallels.
Don't all bussiness have a website nowadays?
The vast majority of businesses don't own domains and host their own websites which is what the .com bubble was. They host pages on Etsy, Facebook, squarespace, WordPress etc etc.
Exactly!
Also, Amazon is another behemoth of an example.
Are you saying the .com bubble should have never happened if all small businesses just would have gone into a big site umbrella?
Also: https://www.statista.com/chart/amp/19058/number-of-websites-online/
The raw number of individual websites have exploded since .com bubble era. So that argument seems not to hold very well. As you are somehow implying that there are less sites now than then, and that os simply untrue.
It's also not true that the .com bubble affected the creation of new websites or the internet technology on the long term.
The amount of websites isn't what eventually consolidated. Internet traffic did, and the value of domains went way down. That's why it's described as a bubble.
There's no way internet traffic hasn't drastically increased. Also, domain price wasn't what bubbled...
And don't miss my main point. That is that if there's an "AI bubble" it has nothing to do with AI disappearing, consolidating or even stop increasing if the bubble burst. Same as happened with internet and dotcom bubble.
This kind of bubbles mean that there's a bunch of companies overvalued and will disappear once they cannot keep getting investor money without any real return. But it means nothing to the core technology that will continue and keep being developed.
Consolidated == decreased.