"In 2000, Flash websites proliferate, blogging expands, social news sites like Slashdot gain influence - all of this while the dot-com bubble slowly deflates and Napster dominates headlines. After the hype and fear of Y2K (a.k.a. the Millenium bug) quickly faded in January 2000, the internet continued its mostly joyful rise in the culture. Sure, the dot-com bubble got pricked in March and then slowly deflated, but the web itself didn't stop growing."
"On Tuesday, 11 January, 2000, the front page of The New York Times announced a corporate merger that seemed to confirm the internet's cultural ascendency. "America Online Agrees to Buy Time Warner for $165 Billion," the headline blared. Under the subhead "Internet Triumph," the NYT noted that it "would be the biggest merger in history and the best evidence yet that old and new media are converging." The New York Times front page on 11 January 2000."
In 2000 the internet continued expanding culturally after Y2K fears faded. The dot‑com bubble was pricked in March and then slowly deflated, producing layoffs and sites documenting corporate failures. The AOL–Time Warner merger initially signaled media convergence but quickly became a marker of excess. Web creativity remained strong as Flash animations proliferated across websites. Blogging activity increased and bloggers began connecting into communities. Social news sites such as Slashdot and MetaFilter rose in prominence and influence. Napster continued to dominate headlines while the web's growth remained defined by design creativity and emergent online community.
Read at Cybercultural
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