What we are seeing on the net nowadays is by and large the average people catching up to the brilliant things that every hacker, cracker and geek was happily doing in the 90s already, just on a much larger scale nowadays. All those friend websites, now called "social networks", are just one facet of this.
So what happened with fb's ipo was the average people's dotcom bubble in a way, in my opinion. Ultra-hyped, practically everyone knows and/or uses it "so what could possibly go wrong???", right? I am pretty sure that's what was going on in most average joes' and janes' minds. They didn't question or analyze and just wanted to ride the sweet-sweet money wagon and not miss out on the action, they just trusted the name and hype alone. Much like the crash in the 20s where practically everyone was trusting "super secret ultra hot" stock recommendations from their barbers...
What we are seeing on the net nowadays is by and large the average people catching up to the brilliant things that every hacker, cracker and geek was happily doing in the 90s already, just on a much larger scale nowadays. All those friend websites, now called "social networks", are just one facet of this. So what happened with fb's ipo was the average people's dotcom bubble in a way, in my opinion. Ultra-hyped, practically everyone knows and/or uses it "so what could possibly go wrong???", right? I am pretty sure that's what was going on in most average joes' and janes' minds. They didn't question or analyze and just wanted to ride the sweet-sweet money wagon and not miss out on the action, they just trusted the name and hype alone. Much like the crash in the 20s where practically everyone was trusting "super secret ultra hot" stock recommendations from their barbers...