Privacy and Dot. Com Bankruptcies: Protection of Personal Data

摘要

Dot.com companies began to collapse early in 2000. Before the crash, investors would purchase stock in new technical companies without even looking at a business plan. Companies established in a programmer's family room were offering stock within months and investors were buying, creating thousands of "paper millionaires." Financiers never bothered to investigate, for example, how long the company would have to remain in business before they could expect to make a profit. When the bubble burst, investors lost huge amounts of money. Between March 2000 and October 2002, the NASDAQ Composite lost 78 percent of its value as it fell from 5046.86 to 1114.11. Law firms specializing in bankruptcy were busier than ever before.