Bloomberg U.S. Internet Index
BLOOMBERG U.S. INTERNET INDEX
The Bloomberg U.S. Internet Index is a stock market benchmark for the dot-com contingent. It is owned and operated by Bloomberg L.P., a leading business publisher with scores of products relating to business news, statistics, and analysis. Among the nearly 300 companies tracked by the index are Web retailers of all varieties, Web-based advertising firms, content providers, Internet software vendors, Web portals, networking equipment companies, and other Internet-based service providers. The index weighs companies by their market capitalization, with the minimum capitalization set at $250 million, and includes those companies whose initial public offerings (IPOs) meet or exceed that total. Among the major companies tracked by the index are Yahoo!, AOL, E*TRADE, eBay, Priceline.com, and Amazon.com.
As e-commerce grew in the mid-1990s and the slate of new dot-com startups began turning investors into millionaires, interest grew in the specific tracking of Internet-based companies' stock market performance. Bloomberg began tracking these stocks in its own index on December 31, 1998, at which point the index totaled 100 firms. The index's short history more or less told the story behind the dot-com economy. Skyrocketing more than 250 percent in its first year, it far outpaced the growth of other major benchmarks such as the Standard & Poor's 500. However, the dot-com shakeout and larger tech-market bust in spring of 2000 that sank the NASDAQ index took the Bloomberg U.S. Internet Index with it. By the end of 2000, the index had fallen from its peak of $2.9 trillion to $1.2 trillion. Those investors anxious to see how dot-com mania and panic will sort itself out will doubtless have their eyes affixed to Bloomberg's index.
"Charting e-Business." Globaltechnology.com . September 26, 2000. Available from www.globetechnology.com/archive.
Mitchell, Ian. "Have Dotcoms Had Their Day?" Computer Weekly. November 16, 2000.
SEE ALSO: Bloomberg, Michael; Bloomberg L.P.; Volatility
"Bloomberg U.S. Internet Index." Gale Encyclopedia of E-Commerce. . Encyclopedia.com. (November 12, 2018). https://www.encyclopedia.com/economics/encyclopedias-almanacs-transcripts-and-maps/bloomberg-us-internet-index
"Bloomberg U.S. Internet Index." Gale Encyclopedia of E-Commerce. . Retrieved November 12, 2018 from Encyclopedia.com: https://www.encyclopedia.com/economics/encyclopedias-almanacs-transcripts-and-maps/bloomberg-us-internet-index
Encyclopedia.com gives you the ability to cite reference entries and articles according to common styles from the Modern Language Association (MLA), The Chicago Manual of Style, and the American Psychological Association (APA).
Within the “Cite this article” tool, pick a style to see how all available information looks when formatted according to that style. Then, copy and paste the text into your bibliography or works cited list.
Because each style has its own formatting nuances that evolve over time and not all information is available for every reference entry or article, Encyclopedia.com cannot guarantee each citation it generates. Therefore, it’s best to use Encyclopedia.com citations as a starting point before checking the style against your school or publication’s requirements and the most-recent information available at these sites:
Modern Language Association
The Chicago Manual of Style
American Psychological Association
- Most online reference entries and articles do not have page numbers. Therefore, that information is unavailable for most Encyclopedia.com content. However, the date of retrieval is often important. Refer to each style’s convention regarding the best way to format page numbers and retrieval dates.
- In addition to the MLA, Chicago, and APA styles, your school, university, publication, or institution may have its own requirements for citations. Therefore, be sure to refer to those guidelines when editing your bibliography or works cited list.