Fortunately, the Web 2.0 Bust isn’t technically a financial market bust in the way the dot.com bust was, or the way the stock market is. The 2001-02 dot.com bust was a classic market collapse in which widows and orphans lost money on a wide array of publicly traded, but vaporous, companies that had imaginary revenues, or none – nada, zilch. (Unfortunately, widows and orphans have now lost all their money in conservative, safe investments, like real estate and bank stocks.)
Hammock has some good lines and that’s one of them.