Of nearly 500 companies that went public in 1999, 77% were not profitable. Lack of Profitability: Many new ".com" businesses were not profitable and had no clear path to profitability.Investors poured money into any company with a ".com" in its name, ignoring traditional valuation metrics.
Overvaluation and Speculation: Many internet companies were grossly overvalued.By October 2002, the NASDAQ had lost 78% of its value falling from 5,046.86 in March 2000 to 1,114.11. Sep 6 10:39:54 rage postfix/smtp: E2CB422018F: to=, orig_to=, relay=gmail-smtp-in.l.:25, delay=0.53, delays=0/0/0.08/0.45, dsn=2.0.0, status=sent (250 2.0.0 OK 1315298394 46si2836091een.The Nasdaq is on track for its best first half in 52 years due to what Forbes calls AI-fueled "market euphoria." It's eerily reminiscent of the Dot Com boom, and if history teaches us anything, it's that market bubbles eventually burst.Īfter the Internet debuted to consumers in the early 90s, the stock market experienced a rapid influx of new capital into Internet-based businesses with names ending in ".com," causing the tech-heavy Nasdaq to reach a record-high above 5,000 in March 2000, doubling its value from the year prior.īut like all bubbles, the Internet was destined to burst, and the fallout was severe. Right now, I have installed postfix and made a ~/.forward file with: I send mail to myself with one of the following commands, I receive it in my GMail box properly (albeit in the Spam folder): mail if I try to send an e-mail from another host (that is, I try to send mail from my GMail to it doesn't arrive at all, not even in the Spam folder.Ĭuriously enough, /var/log/ shows receipt and delivery back to GMail: Sep 6 10:39:53 rage postfix/smtpd: B05BB22018C: client= On my (web server) machine, I just want to be able to send and receive e-mail, and have e-mail addressed to particular addresses forwarded to my GMail inbox.
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