12/28/2023 0 Comments Download netscape stock![]() He was lured by the challenge of making the Internet useful to ordinary folks. John Giannandrea went to work for Netscape in 1994 as a programmer. NIILER: Netscape was not the first Internet-based company on the market, but it was the first to attract media attention and, more importantly, investors. It was very, very welcoming, and had-you know, people were putting up home pages about their dogs and their families, and so it was very humanizing. ![]() Instead of an arcane subculture used by scientists and students, the Web became a tool for everyday people. NIILER: Investors were swept away by the novelty of the Netscape browser. KEVIN KELLY (Wired Magazine): Here was a company that basically had not only no profits, but it didn't even have a suggestion of how it was going to make money. The San Francisco publication covered the Silicon Valley gold rush. Kevin Kelly was editor of Wired magazine. Pretty good for a startup founded by a 23-year-old computer programmer and some college buddies from Illinois. By December of 1995, Netscape was trading at $171 a share. NIILER: That's how NBC's George Lewis recounted Netscape's first day of public trading. GEORGE LEWIS (NBC News): At 11 AM this morning, the company's stock went public and Wall Street went bonkers. But on Wall Street, Netscape's initial public offering was blood in the water to frenzied traders. Here's NPR's Eric Niiler.įor many folks, the big news on August 9th, 1995, was the death of Grateful Dead leader Jerry Garcia. The Netscape offering marked the beginning of the dot-com boom. By the end of the trading day, they were going for 75. Ten years ago, Netscape made its first public stock offering. And there's a reason for that Short List on this particular day.
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