Of these companies, 4 are still active, 5 were bought by other companies, and the remaining 5 are defunct or of unknown status. The sheer amount of dot-com-related ads was so unusual that Super Bowl XXXIV has been widely been referred to as the “Dot-Com Super Bowl”, and it is often used as a high-water mark for the dot-com bubble. All of the publicly held companies which advertised saw their stocks slump after the game as the dot-com bubble began to rapidly deflate. These ads amounted to nearly 20 percent of the 61 spots available, and $44 million in advertising. In addition to ads which ran during the game, several companies also purchased pre-game ads, most of which are lesser known. In addition, five companies that were founded before the dot-com bubble also ran tech-related ads, and 2 before game ads, for a total of 21 different dot-com ads. Super Bowl XXXIV (played in January 2000) featured 14 advertisements from 14 different dot-com companies, each of which paid an average of $2.2 million per spot.
Remember the 2000 Super Bowl at the peak of the dot.com mania, where newly minted dot.com companies spent most of their entire IPO proceeds to buy Super Bowl commercials to generate “eyeballs” to their websites to drive their stock price higher?
The crypto crash does take some marginal pressure off monetary policy, however.
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The creation of what was once a $3 trillion speculative asset class, created out of thin air, fueled by free money and delusuions with absolutely zero productive capacity, helped feed the inflation we now all experience. Where are the Lakers going to play next year? Matt Damon, where are you? It was sad to see the super principled Steph Curry caught up hyping the sector. We are open to be proved wrong but doubt it. The Crypto Craze will go down as The GOAT of delusional financial bubbles. The Super Bowl commercials were clearly a signal that marked the top of dot.com mania, which crashed a few months later in March.įast forward to the 2022 Super Bowl. – GMM, February 12, 2022 We suspect not crypto positive.īitcoin is down 50 percent since the onslaught of the Super Bowl commercials trying to sucker in a new pool of greater fools. The Fed, alone, began the extraction of over $1 trillion of liquidity from the economy over the next 18 months on Wednesday. Too bad 10K is still inevitable…- CryptoWhale June 20, 2022ĭon’t think even the great, but duped Tom Brady can bring this one back. The fact that we need corrupt Chinese companies to bail out BTC really makes you realize how non-decentralized BTC truly is. Binance just admitted to using Tether to buy over $2B worth of #Bitcoin this weekend to “stabilize its price”
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