Response Paper

Response Paper

The globe was a one of the Internet’s first social networking sites that had great start to it but like many .com bubble business’s it ultimately failed. There are many reasons to why this happened but the big one that I see is that the company went public. The reason why going public is a bad choice for a website I feel the big reason is that it does not live up to it’s potential. A great example of this in recent times would be Facebook. The reason why Facebook is good example is because since it has gone public it is rumored that they have lost millions because people are not inventing in it like they though they would.  The reason I think that Facebook has this problem is that they are offering nothing new to the table they do not create other projects like Google does, (some examples would be Chrome, Glass, Nexus, and the android OS) because of this Facebook like the globe is just strictly a social networking site causing people to be wearing of investing in a site that is more likely to fail because it does not have anything else to offer other than it a company that has a website to sell.

            As for how successful the dot com bubble was I think I find it to be successful in the fact of that it help to create a whole new form of industry and help advance technology but, over all if you look at the businesses that failed compared to the ones that succeeded you would call this era a total flop just because most of the original dot com bubble businesses have failed because there were so many of the same website.

            I feel that investors have not learned their lesson from the dot com bubble but I honestly feel that the failures from the dot com bubble will not happen again and that is because the right now the companies that are making the products that would start the next bubble are so big that it really would not give a chance to any independent companies that would try to make the company because they would either fail right away or they would be bought out immediately if their product featured something that one of the bigger companies such as Google, Microsoft, or Apple will just buy that company and add those features into a new version of the product that is popular at the time. There is only one-way though that I feel that that another bubble would for is that if there became a completely new way to share information which I personally never see happening because I feel that no matter what the internet will never become obsolete.

            The effect the dot com bubble had on the market was both good and bad. The way that this was good for the stock market is it really caused shareholders to be wise with what to invest in when trusting a product where literally 100 of thousands of websites are created each month. The bad from this situation is that it caused a lot of the businesses to fail but it also cost a lot of shareholders their money and making it hard for them to find businesses to trust to invest in.

Some people think that the Smartphone industry is starting to for out to be the new bubble. I personally do not see the Smartphone industry as the new bubble for multiple reasons. The main one is the one I stated above saying that there really can’t be a bubble of this because the Smartphone business is pretty much run by two companies. Those companies are Apple and Google. The reason that these companies are the two main ones is because the have the two operating systems that are used on smart phones, because of this the people who try and sell apps have to give part of their profits away to either Google or Apple because they are the ones that actually advertize and distribute the app. Because of this it makes it impossible for their to be a bubble at this moment because it in not thousands of companies battling to see who is the most successful it is just two well established companies trying to make a profit.

In conclusion I feel that a bubble is not going to appear for a long time coming due to the fact that shareholders who invested in the dot com bubble got weeded out to only the ones who knew what to properly invest in. Sites like Facebook, The globe and other social networking sites also feel the wrath of the stock market because they only have one thing to offer because of this it has not only help prevent another bubble to start to form it has also separated the industry of the internet into much like the motor industry in America buy making it you have the choice from a small amount of companies who pretty much sell the same product but each company has their own variation on it. 

If I was going to open a store

If I were going to open a store I feel like I would try and open it as an online site first. The main reasoning for this is I can use the money I would have spent on by the location and paying bills on the development of the website and advertising to get my website more well known and user friendly. I also feel that with out the cost of the building i could also hire more people to help with my shipping process then i can get the customer their product on time. The down side to this choice though is that the online business world is getting more and more competitive everyday and it could be harder in the long run to keep customers interested in my online store. Also though i think more and more stores will go online in the future I do not think physical business will ever disappear because in my opinion there will always be people who would buy the product upfront instead of waiting for it. Oh and there are also grocery stores which I never see going out of business because i think the majority of the public will keep shopping at them because they do not want to pay extra or run the risk of someone else getting the food and then when the customer gets it either some of it is gone of has been damaged. 

So in conclusion if i were to open a store it would be online and though I think more businesses will make this transfer i still think the physical stores themselves will still exist.  

Redesigning this blog

First off i would say if I deiced to continue blogging after this class The first step I would take to redesigning my blog is i would movie it to Tumblr because i like their design and I feel like I would get more views from their as well.  The main aspect I would want to change about my blog would be I would make it so it was marketed towards people who are into pop culture, movies, TV, Graphic novels and also use it as sort of my own online demo reel for the movies and projects I have worked and will be working on. In order to get more people to come and view my blog i would use sources like google add sense but I would also ask if more people blogs that are similar to mine could have a link to my site on theirs. I would also change how my site looks i would develop tabs that that would take you to certain parts of my blog and i would make sure to give my blog an overall smooth clean and not cluttered feel to it. The last thing I would change is the URL for my blog because jasonflood1991 isn't the catchiest of names.