Refers to the late 1990s during which countless Internet companies were riding an enormous wave of enthusiasm that pushed their stock valuations into the stratosphere even though they never made a penny. Billions in venture capital were given to entrepreneurs with little or no experience to fund ideas that were ludicrous. It was a crazy time, and people were very excited. With all of the nonsense, many dot-coms did survive, and countless concepts and techniques were developed that continue today.
In these days, professionals from tech and media industries repeat all together that social media companies are over-valuıed and we are “in the middle of a social media bubble”. Some experts think that these social networking sites will never figure out a workable business model because there may not be one.