1. Bankruptcy impact on public co
... rate and low revenue that they just couldn't sustain themselves. The only thing that was going for them was the hype on the dot-coms. Once people realized that these companies were nothing except for some inflated stock prices, people began to lose confidence and pulled out their investments which had caused ... unemployment which brings a tumbling down effect. Before internet bubble burst, people were buying everything on credit and the expected worth of their stock portfolio. But once their portfolio was reduced to almost nothing, they could no longer pay for those things which had c...
- Word Count: 1270
- Approx Pages: 5
- Grade Level: High School