If you have like 3 hours, Bobby Broccoli’s 2 part documentary on Nortel does kinda go into the absolute madness that telecoms were back then. It was a race to buy up every last little startup with the biggest amounts of money. Dude claims that his new startup does some miraculous thing that it doesn’t really do, doesn’t matter, here’s a bunch of money. Once they kinda faltered and didn’t meet dividend projections by like a cent or two the bubble burst for them.
If you have like 3 hours, Bobby Broccoli’s 2 part documentary on Nortel does kinda go into the absolute madness that telecoms were back then. It was a race to buy up every last little startup with the biggest amounts of money. Dude claims that his new startup does some miraculous thing that it doesn’t really do, doesn’t matter, here’s a bunch of money. Once they kinda faltered and didn’t meet dividend projections by like a cent or two the bubble burst for them.