And yes, another article today about the Youtube channel Bloomberg Markets and Finance, you are starting to be used to it you who follow assiduously Croblanc for so many years already! The interest for this channel keeps growing over the years and we are very happy to share it with you once again. That's why we're writing this article today, because we already know that it will arouse your interest.
You're starting to get used to it, each time a new video is released on the Bloomberg Markets and Finance Youtube channel, we try to offer it to you as soon as possible on our website. We invite you to discover without further delay the video The Moment a Famous Dotcom Millionaire Knew the Party Was Over | Odd Lots Podcast by going on the player right here!
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For your information, you can find below the description of the video The Moment a Famous Dotcom Millionaire Knew the Party Was Over | Odd Lots Podcast published by the Youtube channel Bloomberg Markets and Finance:
The first real explosive Internet IPO was a company called TheGlobe.com. It was kind of a proto-social networking/message board site, and on the day it went public in 1998, its shares soared 606%. Its co-founders were briefly worth around $100 million each. They become overnight celebrities, known for their extravagant lifestyles and even their fashion choices. Of course, it all came to an end when the tech bubble collapsed. So what is the experience of a bubble collapsing and watching all of your wealth vanish actually like? On this episode, we spoke with TheGlobe.com Co-Founder and Co-CEO Stephan Paternot, about the IPO, and the moment he knew it was all coming to an end. We also discussed how he went from ultra-rich to needing help from his parents to pay the rent, and what it was like bouncing back from that psychologically.
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