Benzinga does not provide investment advice. Secretary Of Commerce Wilbur Ross Accused Of Grifting 0 Million The 'Buffett Indicator' Says Stocks Are More Overvalued Now Than Before Dot-Com Bubble Or Great Recession This Day In Market History: Computerized Trading Pioneer Ed Seykota Born The Netscape source code served as the basis for Mozilla’s Firefox browser, which is still used today. At the time, Netscape’s browser share had already declined to around 50 percent. The founder of Netscape Communications, Marc Andreeseen, wanted to make the web more dynamic by making animations, user interaction, and other types of automation a standard part of any website. In 1999, AOL acquired Netscape during the height of the bubble in a deal valuing the company at $10 billion. Back in 1995, Netscape Communicator (a paid internet browser) was by far the most popular web browser in the world. Netscape’s web browser market share peaked at around 80 percent in 1996, when Microsoft Corporation (NASDAQ: MSFT)’s Internet Explorer soon began eating into that share. ![]() The closing price valued the web browser at around $3 billion.īy the end of 1995, Netscape shares traded at $174. Without the company demonstrating even a hint of profitability, Netscape stock skyrocketed as high as $74.75 per share on its first day of trading before finishing the day at $58.25. Roughly a year after the company was founded, Netscape held its IPO in August 1995, and some see the excitement surrounding the IPO as one of the earliest indicators of dot-com mania.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |