Netscape provides an excellent illustration as to how tech darlings come and go.
Netscape created and sold Navigator, the browser that essentially invented the World Wide Web. Prior to Netscape, the internet was mostly benefiting geeks and nerds. Netscape changed the world by transforming the internet into the mass-market, browser-powered online world we know and love today.
Netscape’s original business model was to sell licenses for its Navigator browser. It was just over a year old when it had its IPO on Aug. 9, 1995. And in its first day of trading, the stock went from $28 to as high as $74.75, giving the company a value in the billions.