Social Networks and Economic Downturn
Following on from my The Coming Tech Bust post: Amid a downturn, another Internet company’s initial offering catches fire Article Abstract: Geocities’ stock price surged in its initial public offering, which also continued investor appetites for Internet company debuts. The virtual community raised its value to $1.1 billion despite its $5 million loss in 1997…
Following on from my The Coming Tech Bust post:
Amid a downturn, another Internet company’s initial offering catches fire
Article Abstract:
Geocities’ stock price surged in its initial public offering, which also continued investor appetites for Internet company debuts. The virtual community raised its value to $1.1 billion despite its $5 million loss in 1997 revenues. Company shares, which opened at $17, more than doubled to close at $37.3125. By contrast, the steep stock market decline has especially impacted Internet companies. Geocities participates in an Internet sector that offers free real estate online and frequently organizes chat areas. These companies aim to profit through advertising on users’s home pages and other pages that participate in their services. Internet portals such as Lycos represent the primary competition to virtual communities. Lycos strengthened its position by acquiring WhoWhere for $133 million in stock. WhoWhere’s Anglefire service, which allows Internet users to locate phone numbers online, was the fastest-growing site in the 1st half of 1998, according to a recent Media Metrix study.
From the New York Times, 1998. Cute no? Found it completely by accident – the ‘net is full of happenstance. Did you know I used to be a virtual community consultant? I still prefer it to social network. Though not by much…
If you had a Geocities site, ‘fess up here. Where are they all today hmm? WhoWhere sounds interesting…
Back in high school, for a science project, I wrote a Visual Basic program that was basically just a little database for collecting and organising both postal and internet addresses and other things… with options to export to a few different formats including a ready-made html page.
And all the online documentation… was literally online, and on Geocities.
What is really tragic is that its been almost ten years since high school and I found a printed copy of the documentation just a few days ago. Though I threw it out. lol
I used to have a Geocities poetry website before I moved on to my blog, Captain Picard’s Journal.
Social networks have also been used to examine how organizations interact with each other, characterizing the many informal connections that link executives together, as well as associations and connections between individual employees at different organizations. Social networks also play a key role in hiring, in business success, and in job performance. Networks provide ways for companies to gather information, deter competition, and collude in setting prices or policies.
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hesslei….
link building