Just as his case got going, the SEC filed civil stock fraud charges against Frank A. Dunn and three other former executives of Nortel Networks, the Canadian darling of the Internet stock bubble.
Just as his case got going, the SEC filed civil stock fraud charges against Frank A. Dunn and three other former executives of Nortel Networks (nyse: NT - news - people ), the Canadian darling of the Internet stock bubble.
But, just then, the Internet stock market bubble burst and so did his fortune.
This is higher than during the burst of the Internet bubble or the 1987 stock market crash.
Despite saturation in Facebook, deceleration in Groupon, and a possible bubble in LinkedIn stock, internet advertising is taking giant steps, growing exponentially with much more ahead of it.
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Internet stock valuations may indeed be some kind of bubble, but there is no denying that the technology is transforming the economy or that Son stands vindicated against his many doubters over the years.
During the internet bubble, managers exercising fat packages of stock options paid a lot of tax at once, instead of a lesser amount spread over several years.
After the Internet bubble burst, so did Enron's stock price.
There were 56 IPOs by companies with venture capital backing last year, down from 93 the year before and way off from the 264 stock debuts logged at the height of the Internet bubble.
It's important to remember that the dotcom bubble had just burst and many people were mistaking this stock market meltdown for an internet meltdown.
For one thing, the stock market bubble that blew apart a decade ago reflected widespread mania for tech stocks generally and not just Internet stocks specifically.
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