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But after bad management and botched rescue attempts by successive governments, the firm crashed.
Brad proceeded to forward the message to six male friends, boasting, "Now THAT'S a nice compliment from a lass, isn't it?" Within a week, the message had circled the globe, and the Web site at Brad's firm crashed after receiving 70,000 hits in a single day.
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Google, for example, got started just after a clutch of other search-engine firms crashed.During a crisis, says Mr Barnett, the market's signals are clearer.
The cable companies responded by offering telephone and internet access, but after a final spending spree fuelled by the dotcom boom, both firms crashed to earth, with NTL declaring bankruptcy in 2002 and Telewest losing £2.2 billion the same year.
It is aimed at choking off the flow of American funds to a fast-growing, if illegal, industry that took some $12 billion in bets worldwide last year, half of which are thought to have been placed by Americans.The immediate effect was to send an entire industry into a spin as the share prices of online gambling firms crashed.
Shares in energy efficiency firm Eaga crashed today after the chancellor announced plans to phase out the Warm Front programme, which provided help to low-income households with for insulation and heating.
It was so big that the Web site at Mr. Chait's stiff-upper-lip law firm, Norton Rose, crashed from overuse, while Mr. Chait was immediately dubbed "Brad the Cad" by the British newspapers.
As we found out when interviewing journalist Michael Hudson for The Breakdown "Conversations" series, Immelt enthusiastically purchased a mortgage firm with a checkered record for fraudulent behavior, promoted its thirty-year-old leader, and then presided over the company as that firm promptly crashed and burned -- taking billions of dollars and thousands of families' futures.
Since the start of the year, the Nasdaq Composite, the index composed mainly of tech firms, has crashed 11.9 per cent.
More relevantly, he worked in investment banking at Lehman Brothers until the firm came crashing down in 2008, sparking a global economic meltdown.
See a few firms crash, and industry-wide prosperity is probably just around the corner.
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