7.11.2011
The Day Everything Continued to Change
Matt Welch from the August/September 2011 issue of REASON
When the planes hit the towers, the online encyclopedia Wikipedia was all of nine months old. Facebook (launched in 2004), YouTube (2005), and Twitter (2006) were still no more than gleams in their founders’ eyes. In 2001, according to Forbes, the then-feared AOL-Time Warner was the ninth biggest company in America by market valuation, and the telecommunications giant WorldCom was the 25th most profitable. In 2002 AOL-Time Warner lost $99 billion, and by 2003 WorldCom was bankrupt.
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