Dot Com to Dot Bomb

The collapse of the internet's first wave of companies Investing money into companies that inherently are not designed to make money seems like a risky strategy at best. I can understand that when technology is advancing not all of the bodies causing forward momentum are going to exist when the dust settles but in a purely economic sense, it seems foolish. I'm all for pumping money into advancing technology in almost all cases, but for it to cause mass economic damage like layoffs and bankrupting companies is counter intuitive. I think greed plays an important role in the inflation of the intangible goods market and, much like the gold rush, leads to a mad dash of people scrambling to claim their stakes in the mysterious and magical world of wealth creation. After it's all said and done it is good at least to see the market better managing the invisible goods marketplace. Companies like Google and Yahoo have even branched out significantly into other marketplaces to help create wealth, advance technology, and stabilize the market. Google has begun to create an Internet Service Provider called Google Fiber, a cell phone service provider named Project Phi, and has also created cell phones, tablets, and an operating system. Yahoo has even begun to get into producing online television series much like Netflix. The internet may be completely different from its inception and fall, but what died made way for a better managed and much more stable, albeit very difficult at times, internet marketplace and experience.