The Internet exploded in the early ’90ing, and in many ways, it continues to do so today.
While the internet was largely used for the entertainment industry and the mass distribution of news, many of its users relied on it to connect with others and make a living.
As a result, the economy in the mid-’90s and beyond suffered.
For example, the Dow Jones Industrial Average fell nearly 4,000 points in 1991, and the average U.S. household lost nearly $100,000 a year in wages.
The U.K. and France suffered massive job losses during the ’80s and ’90.
In the U.C.I.A.’s ’80 census, there were fewer than 50,000 college graduates in the United States, and nearly a third of the U’s workforce was unemployed.
Today, the US. has the third-highest unemployment rate in the developed world.
In this episode of “Inside Money,” I’ll take you behind the scenes of how Reddit and many other online services helped the economies of the early 1990s and helped create a new way to make money.
In a few weeks, I’ll tell you how Reddit made the world go ’round.
If you want to learn more about the economic impact of the internet, read this.
For a few more weeks, if you’re interested in how Reddit helped the ’92 presidential campaign, check out this story about the site.
In my previous podcast, I told you about the rise of online gaming, the rise in online advertising, and what it means for the financial markets.
In “Inside,” I told how Google took on AOL, and how Yahoo, Microsoft, and other tech companies are all trying to become more like Reddit and Facebook.
But while they all share a common vision of what the internet can do for commerce, they’re different businesses.
I’m a financial adviser, and my role is to help you understand how different companies operate in the marketplace.
You can reach me by email at [email protected], on Twitter at @KDoyleCBS, or by phone at 866-411-8255.
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