The Internet bubble that began in the last decade of the 20th century was not only a feast for investors, but also a tragedy that had been brewing for many years.

In 1993, the NCSA organization at the University of Illinois, Urbana, in Illinois, USA published the first widely used web browser in the history of the Internet.

The first version of Mosaic, released in January 1993, was only available on X Window systems, and it was not supported in September of the same year, such as Macintosh and Windows.

At this time, Mark Anderson, the core figure of Mosaic browser development, and Jim Clark, the founder of Silicon Graphics, saw the broad prospects of Mosaic browser, so they collaborated together on April 4, 1994 to establish the "Mosaic Communication Corporation" in California, USA.

However, after the establishment of Mosaic, the NCSA organization of the University of Illinois in the United States, owned the trademark copyright of Mosaic, and the University of Illinois has transferred the technology to Telescope Entertainment, so the Mosaic development team must completely rewrite the browser code.

On October 13, 1994, the browser Mosaic Netscape 0.9 developed by the company was released. Although it was still a beta version, the browser achieved a significant success and became the most popular browser at that time. On November 14, 1994, in order to avoid the trademark ownership issue with NCSA, Mosaic was renamed Netscape Communications, and this browser was also renamed the famous "Netscape Browser".

Before Microsoft's IE browser became a success, Netscape browser was the most popular browser on the Internet at that time. Although this browser and even Netscape eventually disappeared into the long river of history, no one could deny the great contribution of Mosaic browser to the Internet.

In fact, with the emergence of Mosaic browser and World Wide Web, the Internet began to attract public attention and allowed the Internet to truly enter thousands of households. By 1996, for most American listed companies, a public website had become a necessity.

In the early days of the formation of the Internet market, people only saw that the Internet had the characteristics of free publication and instant global information. However, when people gradually began to adapt to two-way communication online, direct business with the Internet as the medium and global instant group communication were completely opened.

These new concepts have fascinated many young talents, who believe that this new Internet-based business model will emerge and hope to be the first to make money from the new model.

This is the fundamental driving force behind the initial Internet market!

An emerging market will inevitably attract investors' attention, and the rise of new concepts has led to a surge in the stock prices of Internet companies. Investors who initially invested in Internet companies have gained huge benefits, which has attracted more investors' investment behavior.

Moreover, the immaturity of the Internet market at this time has led to the fact that even an Internet company has only one concept, which can attract the pursuit of many investors. Therefore, when more and more "concepts" appear, the popularity of the Internet market will naturally be inevitable.

As a result, with the success of a series of Internet companies such as Netscape and Yahoo, as well as the rapid expansion of veteran IT companies such as Microsoft, Oracle and Cisco, the Internet market in the United States began to develop extraordinaryly since 1995. In just six years, the entire Internet market has gone from scratch, and finally it took only six years to form a huge market with a market value of up to 5 trillion US dollars. The previously unknown Nasdaq index also soared from only a few hundred points to a maximum of 5132.52 points in just a short period of time!

The rapid rise of the Internet market has made this emerging market that has not experienced any market tests soared by many people. What followed was the surge in the market value of those Internet companies, and the owners of those Internet companies would inevitably experience heart swelling.

For the owners of these Internet companies, the pursuit of many investors has made their wealth soar like a blow. This is no different from Zhafu.

Therefore, the mentality of these Internet company owners who became rich overnight just by relying on a "idea" or "concept" inevitably changed. This money is so easy, so can't we spend it?

As a result, many Internet companies have started to make big money, such as carefully customizing commercial facilities, providing employees with luxurious holidays, etc.

The most important thing is that most of these Internet companies pay corporate executives and employees stock options rather than cash, so when a company IPOs, these corporate executives and employees immediately become millionaires. A large part of these people will invest the new wealth they get into more online companies.

This formed a snowball-like situation, which eventually led to the snowball getting bigger and bigger, and in just six years, a huge market with a market value of up to $5 trillion was formed.

But what supports such a large market is not real performance, but one incredible "ideas" or "concept". In other words, in such a big market, as long as you can come up with a sought-after concept, you will immediately transform into a billionaire!

This is equivalent to investors using the "concept" to build a skyscraper. Although this skyscraper is tall, beautiful and majestic, its foundation is made of sand and cannot withstand any vibration at all. Once the market vibrates, the building will immediately fall down.

But, investors who have lost their eyes and minds by the popularity of the Internet market cannot see this danger at all, or they have seen it, but their subconscious mind is unwilling to believe that this is true.

So, on March 13, 2000, an unintentional "coincidence" caused a vibration, and then, driven by other unintentional vibrations, the vibration eventually evolved into a powerful earthquake wave that was enough to subvert the building in a very short time, and finally caused the beautiful building to collapse in an instant!

On March 10, 2000, the U.S. stock market entered the last trading day of the second week after March. On this day, the Nasdaq Index was still extremely hot. The Nasdaq Index even touched a high of 5132.52 points during the session. Although it finally closed at 5048.62 points, many investors were still optimistic about the Nasdaq.

Then, after two days of Saturday and Sunday, on the morning of March 13, Nasdaq opened as usual, but on this day, the stocks of Cisco, Oracle, Microsoft, Yahoo, Dell, and other companies, including high-tech Hu, all encountered a large number of selling orders. Of course, this sudden selling order is likely to be a profit selling by some investors, but they all happened to be together. So on this day, the Nasdaq fell by 259 points, a drop of more than 4%.

At the same time, many Internet companies have released their annual reports last year, and these annual reports have reflected an unavoidable failure, that is, during the Christmas Day in 1999, the sales of many Internet companies did not reach the expected figures.

The annual report and the sudden sale immediately triggered a series of chain reactions. In fact, since the development of the Internet market has reached now, many institutions have seen the dangers.

Then, this inadvertent shock immediately caused many investment institutions and various funds to liquidate one after another, which led to an avalanche-like collapse.

In just six days, the Nasdaq plummeted by 900 points!

The bursting of the Internet market bubble has exploded irresistible!

In the end, the great collapse lasted from March 2000 to October 2002, lasting for 31 months, and the Nasdaq also fell from the highest 5132 points to 1108 points!

In two and a half years, the Nasdaq dropped 80% of its value! The market value of 4 trillion US dollars in the Internet market has been evaporated...

In those two years, the entire Internet market was like the song "Bubbles" sung by G.E.M. - it was all bubbles...

For speculative giants like KY Investment Fund, wouldn’t it be a waste of talent to let go of such a good market and such a feast?
Chapter completed!