Internet 2 / Napster / Domain Name Sales
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(exceeding 8GBps), led by over 170 U.S. universities working
in partnership with industry and government, developed and deployed
advanced network applications and technologies, accelerating the creation
of tomorrow's Internet. MCI/Worldcom, the vBNS provider for NSF, began
upgrading the US backbone to 2.5GBps The world feared the unknown Y2K
effects on the Internet, which never materialized. Computers were free with a
3-year network service agreement.
In mid-1999, the laid-back, 18-year-old Northeastern University dropout
Shawn Fanning – nicknamed "Napster" for the nappy hair – developed Napster,
the first popular peer-to-peer filesharing platform. Napster,
a free software program, allowed people to easily exchange recordings
via the Net, cutting out stores and music publishers. Within a year
Napster would upend music's business model.
Multi-million dollar domain name sales were the poster child of the dot-com excess,
with the most infamous being Business.com, which was purchased by ECompanies Venture Group,
headed by former Disney executive Jake Weinbaum. But when the dot-com bubble burst,
such prices began to appear downright silly; a warning to would-be speculators.
|Business.com || - $7.5 million || ||express.com || - $2 million|
|wine.com || - $3.3 million || ||MarketingToday.com || - $1.5 million|
|AltaVista.com || - $3.25 million|| ||WallStreet.com || - $1.03 million|
|autos.com || - $2.2 million || ||Rock.com || - $1 million|
|coupons.com || - $2.2 million || ||drugs.com || - $824,000|