April 3, 2012
Energy Problem Humanity's Biggest Challenge
Paul/Allen, MIT Technology Review
At the peak of the technology bubble in March of 2000, spending on Internet infrastructure had exploded, Cisco Systems had a market cap of $578 billion, and venture capitalists were pumping millions into anything that ended in ".com." Over the next three years, 655 telecom companies would go bankrupt, and $5 trillion in market cap would vanish from stock exchanges.
TAGGED: technology, information technology