9/2/2023 0 Comments Download netscape stockCould you still surf the Web with these two ancient browsers? But since then, IE6 has been vilified as unfit for use and abandoned by its creator, and Netscape has faded into the history books. All rights reserved.What if you took the raw, pre-patched, 10-year-old versions of Internet Explorer 6 and Netscape 6.1 and tried to surf the modern Web? What would happen?Ī decade ago, Internet Explorer 6 and Netscape fought for the hearts and minds of the Web-surfing public. Benzinga does not provide investment advice. Secretary Of Commerce Wilbur Ross Accused Of Grifting 0 Million The 'Buffett Indicator' Says Stocks Are More Overvalued Now Than Before Dot-Com Bubble Or Great Recession This Day In Market History: Computerized Trading Pioneer Ed Seykota Born The Netscape source code served as the basis for Mozilla’s Firefox browser, which is still used today. At the time, Netscape’s browser share had already declined to around 50 percent. In 1999, AOL acquired Netscape during the height of the bubble in a deal valuing the company at $10 billion. Netscape’s web browser market share peaked at around 80 percent in 1996, when Microsoft Corporation (NASDAQ: MSFT)’s Internet Explorer soon began eating into that share. The closing price valued the web browser at around $3 billion.īy the end of 1995, Netscape shares traded at $174. Without the company demonstrating even a hint of profitability, Netscape stock skyrocketed as high as $74.75 per share on its first day of trading before finishing the day at $58.25. Roughly a year after the company was founded, Netscape held its IPO in August 1995, and some see the excitement surrounding the IPO as one of the earliest indicators of dot-com mania. The World Trade Organization was created. In 1995, Barings Bank, the oldest investment bank in the UK, collapsed after the bank lost $1.4 billion on speculative trades in the Tokyo market.
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