The Dot-Com Chancers Who Burst The Bubble

For a higher quality version, visit: https://www.youtube.com/watch?v=uaK5tsH59UM The Internet Money Machine (1999): The young and adventurous have never had it so good, thanks to the soaring value of the late 90s tech industry - so why are some people predicting a downturn? Subscribe to Journeyman for daily current affairs and world news: http://www.youtube.com/subscription_center?add_user=journeymanpictures In a small New York office, casually dressed twenty-somethings gamble thousands with the click of a mouse. On average these day traders keep their volatile shares for just 4½ minutes. It’s a world away from the sweaty hollering of Wall Streets’ New York Stock Exchange. In just one year, 25 year-old Nick Birbas has gone from waiter to laptop legend riding the bull market and earning $10,000 a week. So will the bubble burst? Like many other internet firms Globe.com have yet to turn a profit. In the clubs of Wall Street many believe stocks like theirs have been wildly over-valued. “Old timers like us wait for the day of reckoning,” smirks one analyst. But for now there really seems to be no end to this boom. For more information, visit https://www.journeyman.tv/film/627 Like us on Facebook: https://www.facebook.com/journeymanpictures Follow us on Twitter: https://twitter.com/JourneymanNews https://twitter.com/JourneymanVOD Follow us on Instagram: https://instagram.com/journeymanpictures ABC Australia - Ref 0627