{"id":3307,"date":"2025-07-21T01:26:00","date_gmt":"2025-07-21T04:26:00","guid":{"rendered":"https:\/\/elinversordebolsillo.com.ar\/?p=3307"},"modified":"2025-07-07T10:47:45","modified_gmt":"2025-07-07T13:47:45","slug":"worldcom","status":"publish","type":"post","link":"https:\/\/elinversordebolsillo.com.ar\/en\/worldcom\/","title":{"rendered":"A 23 A\u00f1os del Incre\u00edble Ascenso y Estrepitosa Quiebra de WorldCom"},"content":{"rendered":"<p class=\"has-large-font-size\">Anniversary of July 21<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"has-medium-font-size\"><em><strong>On this day in 2002, WorldCom went bankrupt, a key event in the dot-com bubble. Let&#039;s take a closer look at this incredible story.<\/strong><\/em><\/p>\n<\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>From Boom to Tragedy: The Complete History of WorldCom<\/strong><\/h2>\n\n\n\n<p>In the world of telecommunications, few stories are as fascinating and tragic as that of <strong>WorldCom<\/strong>This American company, once the world&#039;s second-largest telecommunications giant, experienced a meteoric rise in the 1990s, only to fall from grace in an accounting fraud scandal of epic proportions at the beginning of the 21st century.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>The beginnings:<\/strong><\/h2>\n\n\n\n<p>WorldCom was founded in 1983 as a small telecommunications company in Mississippi. Under the direction of <strong>Bernard Ebbers<\/strong>, the company grew rapidly through a series of aggressive acquisitions, including the purchase of MCI Communications in 1997 for $37 billion.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>The climb to the top:<\/strong><\/h2>\n\n\n\n<p>The acquisition of MCI catapulted WorldCom to the top of the telecommunications industry, making it the second-largest long-distance service provider in the United States, behind only AT&amp;T. Ebbers, known for his bold leadership style and focus on expansion, became a prominent figure in the business world.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full is-resized\"><img fetchpriority=\"high\" decoding=\"async\" width=\"641\" height=\"443\" src=\"https:\/\/elinversordebolsillo.com.ar\/wp-content\/uploads\/2024\/07\/worldcom.jpg\" alt=\"Worldcom crisis puntocom\" class=\"wp-image-3308\" style=\"width:350px;height:auto\" title=\"\" srcset=\"https:\/\/elinversordebolsillo.com.ar\/wp-content\/uploads\/2024\/07\/worldcom.jpg 641w, https:\/\/elinversordebolsillo.com.ar\/wp-content\/uploads\/2024\/07\/worldcom-300x207.jpg 300w\" sizes=\"(max-width: 641px) 100vw, 641px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>The dot-com bubble and the rise of WorldCom:<\/strong><\/h2>\n\n\n\n<p>The 1990s were a boom time for technology companies, and WorldCom was no exception. The company benefited greatly from the dot-com bubble, as demand for telecommunications services grew exponentially. Its stock soared in value, and the company reached a market capitalization of over $260 billion in 2000\u2014a complete miscalculation, given that the company wasn&#039;t producing profits that would sustain such a high valuation.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"Pocket Investor Financial Services #finance #learn to invest #business\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/p8MVVhBxdIg?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>The beginning of the fall:<\/strong><\/h2>\n\n\n\n<p>However, behind the facade of success, a tragedy was brewing. The company was involved in a massive accounting fraud scheme orchestrated by top executives, including Ebbers himself. The fraud involved recording fictitious revenue and concealing expenses, which artificially inflated the company&#039;s profits for several years.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>The uncovering of fraud and the crisis:<\/strong><\/h2>\n\n\n\n<p>In 2002, WorldCom&#039;s fraud finally came to light. The company was forced to admit that it had inflated its profits by more than $11 billion, making it the largest accounting fraud case in U.S. history at the time. <a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/enron\/\" data-type=\"post\" data-id=\"4462\">along with Enron, which we discussed in another note.<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>The consequences of fraud:<\/strong><\/h2>\n\n\n\n<p>The WorldCom scandal had a devastating impact on the company. The company&#039;s stock plummeted, losing more than 981% of its value. WorldCom filed for bankruptcy on July 21, 2002, and thousands of employees lost their jobs.<\/p>\n\n\n\n<p><strong>Ebbers and other executives were convicted for their roles in the fraud.<\/strong> Ebbers was sentenced to 25 years in prison but was later released for health reasons in 2009. He died in 2020 at the age of 78.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>WorldCom&#039;s legacy:<\/strong><\/h2>\n\n\n\n<p>The scandal tarnished the company&#039;s reputation and had a significant impact on public confidence in American businesses. The case also highlighted the need for greater financial oversight and internal controls to prevent similar frauds in the future.<\/p>\n\n\n\n<p><strong>WorldCom emerged from bankruptcy in 2003 under the name MCI, Inc.<\/strong> The company continued operating in the telecommunications market, but never regained its former glory. In 2005, Verizon Communications acquired MCI for $8.4 billion.<\/p>\n\n\n\n<p><strong>The story of this company serves as a sobering warning about the dangers of corporate fraud and the importance of business ethics.<\/strong> The case also highlights the need for effective financial oversight and a corporate culture that values transparency and accountability.<\/p>\n\n\n\n<figure class=\"wp-block-image alignfull size-full\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/inscripcion-mentoria-financiera\/\"><img decoding=\"async\" width=\"851\" height=\"315\" src=\"https:\/\/elinversordebolsillo.com.ar\/wp-content\/uploads\/2024\/10\/banner3.webp\" alt=\"Banner El Inversor de Bolsillo\" class=\"wp-image-5027\" title=\"\" srcset=\"https:\/\/elinversordebolsillo.com.ar\/wp-content\/uploads\/2024\/10\/banner3.webp 851w, https:\/\/elinversordebolsillo.com.ar\/wp-content\/uploads\/2024\/10\/banner3-300x111.webp 300w, https:\/\/elinversordebolsillo.com.ar\/wp-content\/uploads\/2024\/10\/banner3-768x284.webp 768w\" sizes=\"(max-width: 851px) 100vw, 851px\" \/><\/a><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>In summary:<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>WorldCom was an American telecommunications company that experienced rapid growth in the 1990s, taking advantage of the boom in the computer sector due to the popularization of the Internet.<\/li>\n\n\n\n<li>The company was embroiled in a massive accounting fraud scheme that led to its bankruptcy in 2002.<\/li>\n\n\n\n<li>The WorldCom scandal had a devastating impact on the company, its employees, and public confidence in American businesses.<\/li>\n\n\n\n<li>The case serves as a warning about the dangers of corporate fraud and the importance of business ethics.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading wp-embed-aspect-16-9 wp-has-aspect-ratio has-medium-font-size\">Both you and your company can also invest in quality companies\u2026 Not like Worldcom<\/h2>\n\n\n\n<p class=\"wp-embed-aspect-16-9 wp-has-aspect-ratio\">In the <strong><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/nuestros-servicios\/mentoria-financiera\/\" data-type=\"post\" data-id=\"2813\">Financial Mentoring<\/a> With El Inversor de Bolsillo\u00ae you can learn while you invest, and we&#039;ll guide you according to your needs.<\/strong> Financial consulting for individuals includes one-on-one advisory sessions, online courses, stock market reports and everything you need to <strong>your investment is a success<\/strong>, so much <strong>investing in Argentina as in any other part of the world.<\/strong><br>There are different monthly plans of <strong>according to your circumstances and your budget<\/strong>The most important thing is that whichever plan you choose, <strong>you'll never be alone<\/strong>We will accompany you in your learning so that you can <strong>invest successfully.<\/strong><\/p>\n\n\n\n<p class=\"wp-embed-aspect-16-9 wp-has-aspect-ratio\">Getting the best financing for your business isn&#039;t easy. And you&#039;re also focused on improving your business, so financial matters can be difficult. Don&#039;t worry, we&#039;re here to help.<br><strong>With the <a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/financiamiento-empresas\/\" data-type=\"post\" data-id=\"2822\">Financial Optimization Program<\/a> From El Inversor de Bolsillo\u00ae, we evaluate the company and give you specific suggestions to optimize the performance of your current balances and reduce your interest burden. <\/strong>We help you manage the registration in a Reciprocal Guarantee Society and <strong>get the best rates on the market<\/strong>. After the three free months have passed, a set number of monthly hours of financial consulting is provided.<\/p>\n\n\n\n<p class=\"wp-embed-aspect-16-9 wp-has-aspect-ratio\">If you want to learn more about how to invest risk-free, visit our website. <a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/\">www.elinversordebolsillo.com.ar<\/a> either <a href=\"https:\/\/www.youtube.com\/@elinversordebolsillo\" target=\"_blank\" rel=\"noopener\">our YouTube channel<\/a>.<\/p>\n\n\n\n<p class=\"wp-embed-aspect-16-9 wp-has-aspect-ratio\"><\/p>\n\n\n\n<iframe width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/BjfqtBbhKUw\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen loading=\"lazy\"><\/iframe>\n\n\n\n<h3 class=\"wp-block-heading wp-embed-aspect-16-9 wp-has-aspect-ratio has-medium-font-size\">See more notes from our blog:<\/h3>\n\n\n\n<div class=\"wp-block-query is-layout-flow wp-block-query-is-layout-flow\"><ul class=\"wp-block-post-template is-layout-flow wp-block-post-template-is-layout-flow\"><li class=\"wp-block-post post-4743 post type-post status-publish format-standard has-post-thumbnail hentry category-blog category-efemerides category-marzo category-miscelaneo tag-compania-de-los-mares-del-sur tag-finanzas tag-newton\">\n\n<div class=\"wp-block-columns alignwide is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\"><figure class=\"wp-block-post-featured-image\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/newton\/\" target=\"_self\"><img decoding=\"async\" width=\"735\" height=\"470\" src=\"https:\/\/elinversordebolsillo.com.ar\/wp-content\/uploads\/2024\/03\/newton21.webp\" class=\"attachment-post-thumbnail size-post-thumbnail not-transparent wp-post-image\" alt=\"Sir Isaac Newton: El Brillante Ci\u00e9ntifico, Te\u00f3logo e Inversor\" style=\"--dominant-color: #656565;object-fit:cover;\" srcset=\"https:\/\/elinversordebolsillo.com.ar\/wp-content\/uploads\/2024\/03\/newton21.webp 735w, https:\/\/elinversordebolsillo.com.ar\/wp-content\/uploads\/2024\/03\/newton21-300x192.webp 300w\" sizes=\"(max-width: 735px) 100vw, 735px\" data-has-transparency=\"false\" data-dominant-color=\"656565\" title=\"\"><\/a><\/figure><\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:33.33%\"><h2 class=\"wp-block-post-title\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/newton\/\" target=\"_self\">Sir Isaac Newton: The Brilliant Scientist, Theologian, and Investor<\/a><\/h2>\n\n<div class=\"wp-block-post-excerpt\"><p class=\"wp-block-post-excerpt__excerpt\">On March 31, 1727, Sir Isaac Newton, one of the most important scientists in history, died. However, his legacy extended beyond science, but also to investment and even religion. <\/p><\/div><\/div>\n<\/div>\n\n<\/li><li class=\"wp-block-post post-5200 post type-post status-publish format-standard has-post-thumbnail hentry category-blog category-consejos-financieros category-efemerides category-marzo category-mercado-internacional tag-aerolineas tag-burbuja-puntocom tag-finanzas tag-mercado-de-valores tag-mercado-internacional\">\n\n<div class=\"wp-block-columns alignwide is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\"><figure class=\"wp-block-post-featured-image\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/priceline\/\" target=\"_self\"><img loading=\"lazy\" decoding=\"async\" width=\"900\" height=\"600\" src=\"https:\/\/elinversordebolsillo.com.ar\/wp-content\/uploads\/2024\/11\/priceline-png.webp\" class=\"attachment-post-thumbnail size-post-thumbnail not-transparent wp-post-image\" alt=\"La Incre\u00edble IPO de Priceline.com y las 5 Lecciones que deja para los Inversores\" style=\"--dominant-color: #fcfefe;object-fit:cover;\" srcset=\"https:\/\/elinversordebolsillo.com.ar\/wp-content\/uploads\/2024\/11\/priceline-png.webp 900w, https:\/\/elinversordebolsillo.com.ar\/wp-content\/uploads\/2024\/11\/priceline-300x200.webp 300w, https:\/\/elinversordebolsillo.com.ar\/wp-content\/uploads\/2024\/11\/priceline-768x512.webp 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" data-has-transparency=\"false\" data-dominant-color=\"fcfefe\" title=\"\"><\/a><\/figure><\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:33.33%\"><h2 class=\"wp-block-post-title\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/priceline\/\" target=\"_self\">Priceline.com&#039;s Incredible IPO and the 5 Lessons It Leaves for Investors<\/a><\/h2>\n\n<div class=\"wp-block-post-excerpt\"><p class=\"wp-block-post-excerpt__excerpt\">On March 30, 1999, Priceline.com&#039;s initial public offering (IPO) took place. Trading began at $16 and closed at $69, tripling the profits of its initial investors. At the time, the company was trading at a higher price than United Airlines, Continental Airlines, and Northwest Airlines combined, a clear\u2026 <\/p><\/div><\/div>\n<\/div>\n\n<\/li><li class=\"wp-block-post post-5205 post type-post status-publish format-standard has-post-thumbnail hentry category-blog category-efemerides category-marzo category-mercado-internacional tag-doctor-catastrofe tag-doctor-doom tag-economia tag-mercado-internacional tag-nouriel-roubini\">\n\n<div class=\"wp-block-columns alignwide is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\"><figure class=\"wp-block-post-featured-image\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/doctor-catastrofe\/\" target=\"_self\"><img loading=\"lazy\" decoding=\"async\" width=\"900\" height=\"600\" src=\"https:\/\/elinversordebolsillo.com.ar\/wp-content\/uploads\/2024\/11\/nourini-png.webp\" class=\"attachment-post-thumbnail size-post-thumbnail not-transparent wp-post-image\" alt=\"Qui\u00e9n es el Doctor Cat\u00e1strofe y su Sorprendente Profec\u00eda\" style=\"--dominant-color: #59596c;object-fit:cover;\" srcset=\"https:\/\/elinversordebolsillo.com.ar\/wp-content\/uploads\/2024\/11\/nourini-png.webp 900w, https:\/\/elinversordebolsillo.com.ar\/wp-content\/uploads\/2024\/11\/nourini-300x200.webp 300w, https:\/\/elinversordebolsillo.com.ar\/wp-content\/uploads\/2024\/11\/nourini-768x512.webp 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" data-has-transparency=\"false\" data-dominant-color=\"59596c\" title=\"\"><\/a><\/figure><\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:33.33%\"><h2 class=\"wp-block-post-title\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/doctor-catastrofe\/\" target=\"_self\">Who is Doctor Catastrophe and his surprising prophecy?<\/a><\/h2>\n\n<div class=\"wp-block-post-excerpt\"><p class=\"wp-block-post-excerpt__excerpt\">Nouriel Roubini, an American economist known for his apocalyptic predictions and nicknamed &quot;Doom,&quot; was born on March 29, 1959. Discover his story and how what he predicted came to pass in a shocking way. <\/p><\/div><\/div>\n<\/div>\n\n<\/li><\/ul><\/div>\n\n\n\n<div class=\"wp-block-query is-layout-flow wp-block-query-is-layout-flow\"><form role=\"search\" method=\"get\" action=\"https:\/\/elinversordebolsillo.com.ar\/en\/\" class=\"wp-block-search__button-outside wp-block-search__text-button wp-block-search\" data-trp-original-action=\"https:\/\/elinversordebolsillo.com.ar\/en\/\"    ><label class=\"wp-block-search__label\" for=\"wp-block-search__input-1\" ><strong>Search all blog posts:<\/strong><\/label><div class=\"wp-block-search__inside-wrapper\" ><input class=\"wp-block-search__input\" id=\"wp-block-search__input-1\" placeholder=\"\" value=\"\" type=\"search\" name=\"s\" required \/><button aria-label=\"Look for\" class=\"wp-block-search__button wp-element-button\" type=\"submit\" >Look for<\/button><\/div><input type=\"hidden\" name=\"trp-form-language\" value=\"en\"\/><\/form>\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\">Blog Keyword Cloud:<\/h3>\n<\/div>\n\n\n<p class=\"wp-block-tag-cloud\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/aeronautica\/\" class=\"tag-cloud-link tag-link-60 tag-link-position-1\" style=\"font-size: 8pt;\" aria-label=\"Aeronautics (4 items)\">Aeronautics<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/ahorro\/\" class=\"tag-cloud-link tag-link-328 tag-link-position-2\" style=\"font-size: 9.6766467065868pt;\" aria-label=\"savings (7 items)\">saving<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/apple\/\" class=\"tag-cloud-link tag-link-173 tag-link-position-3\" style=\"font-size: 10.095808383234pt;\" aria-label=\"Apple (8 items)\">Apple<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/asesor-financiero\/\" class=\"tag-cloud-link tag-link-159 tag-link-position-4\" style=\"font-size: 11.437125748503pt;\" aria-label=\"Financial Advisor (12 items)\">Financial Advisor<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/bancos\/\" class=\"tag-cloud-link tag-link-193 tag-link-position-5\" style=\"font-size: 9.6766467065868pt;\" aria-label=\"banks (7 items)\">banks<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/berkshire-hathaway\/\" class=\"tag-cloud-link tag-link-71 tag-link-position-6\" style=\"font-size: 8pt;\" aria-label=\"Berkshire Hathaway (4 items)\">Berkshire Hathaway<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/bolsa-de-valores\/\" class=\"tag-cloud-link tag-link-39 tag-link-position-7\" style=\"font-size: 19.40119760479pt;\" aria-label=\"Bolsa de valores (114 items)\">Stock market<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/bonos\/\" class=\"tag-cloud-link tag-link-322 tag-link-position-8\" style=\"font-size: 9.2574850299401pt;\" aria-label=\"bonds (6 items)\">bonds<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/burbuja\/\" class=\"tag-cloud-link tag-link-289 tag-link-position-9\" style=\"font-size: 10.095808383234pt;\" aria-label=\"bubble (8 items)\">bubble<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/burbuja-puntocom\/\" class=\"tag-cloud-link tag-link-239 tag-link-position-10\" style=\"font-size: 11.185628742515pt;\" aria-label=\"Dotcom bubble (11 items)\">Dot-com bubble<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/byma\/\" class=\"tag-cloud-link tag-link-83 tag-link-position-11\" style=\"font-size: 10.51497005988pt;\" aria-label=\"byma (9 items)\">byma<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/commodities\/\" class=\"tag-cloud-link tag-link-373 tag-link-position-12\" style=\"font-size: 8.6706586826347pt;\" aria-label=\"commodities (5 items)\">commodities<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/compania-de-los-mares-del-sur\/\" class=\"tag-cloud-link tag-link-349 tag-link-position-13\" style=\"font-size: 8.6706586826347pt;\" aria-label=\"South Sea Company (5 items)\">South Sea Company<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/consejos-financieros\/\" class=\"tag-cloud-link tag-link-164 tag-link-position-14\" style=\"font-size: 8.6706586826347pt;\" aria-label=\"Financial advice (5 items)\">Financial advice<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/criptomonedas\/\" class=\"tag-cloud-link tag-link-237 tag-link-position-15\" style=\"font-size: 9.2574850299401pt;\" aria-label=\"Cryptocurrencies (6 items)\">Cryptocurrencies<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/crisis\/\" class=\"tag-cloud-link tag-link-88 tag-link-position-16\" style=\"font-size: 12.023952095808pt;\" aria-label=\"crisis (14 items)\">crisis<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/crisis-subprime\/\" class=\"tag-cloud-link tag-link-101 tag-link-position-17\" style=\"font-size: 10.095808383234pt;\" aria-label=\"subprime crisis (8 items)\">subprime crisis<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/curso-de-finanzas-gratuito\/\" class=\"tag-cloud-link tag-link-594 tag-link-position-18\" style=\"font-size: 13.02994011976pt;\" aria-label=\"curso de finanzas gratuito (19 items)\">free finance course<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/economia\/\" class=\"tag-cloud-link tag-link-397 tag-link-position-19\" style=\"font-size: 11.185628742515pt;\" aria-label=\"economics (11 items)\">economy<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/empezar-a-invertir\/\" class=\"tag-cloud-link tag-link-38 tag-link-position-20\" style=\"font-size: 15.964071856287pt;\" aria-label=\"Empezar a invertir (44 items)\">Start investing<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/esquema-piramidal\/\" class=\"tag-cloud-link tag-link-255 tag-link-position-21\" style=\"font-size: 9.6766467065868pt;\" aria-label=\"pyramid scheme (7 items)\">pyramid scheme<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/estados-unidos\/\" class=\"tag-cloud-link tag-link-172 tag-link-position-22\" style=\"font-size: 10.095808383234pt;\" aria-label=\"United States (8 items)\">USA<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/facebook\/\" class=\"tag-cloud-link tag-link-177 tag-link-position-23\" style=\"font-size: 8.6706586826347pt;\" aria-label=\"Facebook (5 items)\">Facebook<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/finanzas\/\" class=\"tag-cloud-link tag-link-31 tag-link-position-24\" style=\"font-size: 18.562874251497pt;\" aria-label=\"finanzas (90 items)\">finance<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/finanzas-personales\/\" class=\"tag-cloud-link tag-link-32 tag-link-position-25\" style=\"font-size: 16.88622754491pt;\" aria-label=\"Finanzas personales (56 items)\">Personal finances<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/ibm\/\" class=\"tag-cloud-link tag-link-380 tag-link-position-26\" style=\"font-size: 8pt;\" aria-label=\"IBM (4 items)\">IBM<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/inflacion\/\" class=\"tag-cloud-link tag-link-228 tag-link-position-27\" style=\"font-size: 8.6706586826347pt;\" aria-label=\"inflation (5 items)\">inflation<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/inglaterra\/\" class=\"tag-cloud-link tag-link-293 tag-link-position-28\" style=\"font-size: 8pt;\" aria-label=\"England (4 items)\">England<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/libros-de-finanzas\/\" class=\"tag-cloud-link tag-link-166 tag-link-position-29\" style=\"font-size: 8pt;\" aria-label=\"finance books (4 items)\">finance books<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/libros-de-inversion\/\" class=\"tag-cloud-link tag-link-284 tag-link-position-30\" style=\"font-size: 8pt;\" aria-label=\"investment books (4 items)\">investment books<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/ltcm\/\" class=\"tag-cloud-link tag-link-127 tag-link-position-31\" style=\"font-size: 8pt;\" aria-label=\"LTCM (4 items)\">LTCM<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/mentoria-financiera\/\" class=\"tag-cloud-link tag-link-61 tag-link-position-32\" style=\"font-size: 13.02994011976pt;\" aria-label=\"financial mentoring (19 items)\">financial mentoring<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/mercado-argentino\/\" class=\"tag-cloud-link tag-link-126 tag-link-position-33\" style=\"font-size: 15.880239520958pt;\" aria-label=\"mercado argentino (43 items)\">Argentine market<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/mercado-de-valores\/\" class=\"tag-cloud-link tag-link-35 tag-link-position-34\" style=\"font-size: 19.820359281437pt;\" aria-label=\"mercado de valores (128 items)\">stock market<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/mercado-internacional\/\" class=\"tag-cloud-link tag-link-70 tag-link-position-35\" style=\"font-size: 22pt;\" aria-label=\"mercado internacional (234 items)\">international market<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/meta\/\" class=\"tag-cloud-link tag-link-178 tag-link-position-36\" style=\"font-size: 8pt;\" aria-label=\"Meta (4 items)\">Meta<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/microsoft\/\" class=\"tag-cloud-link tag-link-231 tag-link-position-37\" style=\"font-size: 9.6766467065868pt;\" aria-label=\"Microsoft (7 items)\">Microsoft<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/nasdaq\/\" class=\"tag-cloud-link tag-link-104 tag-link-position-38\" style=\"font-size: 8pt;\" aria-label=\"Nasdaq (4 items)\">Nasdaq<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/petroleo\/\" class=\"tag-cloud-link tag-link-383 tag-link-position-39\" style=\"font-size: 10.51497005988pt;\" aria-label=\"Oil (9 items)\">Oil<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/rusia\/\" class=\"tag-cloud-link tag-link-41 tag-link-position-40\" style=\"font-size: 8pt;\" aria-label=\"Russia (4 items)\">Russia<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/steve-jobs\/\" class=\"tag-cloud-link tag-link-175 tag-link-position-41\" style=\"font-size: 9.2574850299401pt;\" aria-label=\"Steve Jobs (6 items)\">Steve Jobs<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/tecnologia\/\" class=\"tag-cloud-link tag-link-391 tag-link-position-42\" style=\"font-size: 11.185628742515pt;\" aria-label=\"Technology (11 items)\">Technology<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/value-investing\/\" class=\"tag-cloud-link tag-link-95 tag-link-position-43\" style=\"font-size: 8.6706586826347pt;\" aria-label=\"value investing (5 items)\">value investing<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/wall-street\/\" class=\"tag-cloud-link tag-link-234 tag-link-position-44\" style=\"font-size: 8.6706586826347pt;\" aria-label=\"Wall Street (5 items)\">Wall Street<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/warren-buffett\/\" class=\"tag-cloud-link tag-link-69 tag-link-position-45\" style=\"font-size: 13.532934131737pt;\" aria-label=\"warren buffett (22 items)\">Warren Buffett<\/a><\/p>\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\">Explore categories<\/h3>\n\n\n<ul class=\"wp-block-categories-list wp-block-categories\">\t<li class=\"cat-item cat-item-50\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/efemerides\/abril\/\">April<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-54\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/efemerides\/agosto\/\">August<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-77\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/\">Blog<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-78\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/consejos-financieros\/\">Financial advice<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-418\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/curso-de-finanzas\/\">Finance Course<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-58\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/efemerides\/diciembre\/\">December<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-46\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/efemerides\/\">Anniversaries<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-47\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/efemerides\/enero\/\">January<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-48\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/efemerides\/febrero\/\">February<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-30\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/finanzas-personales\/\">Personal Finance<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-53\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/efemerides\/julio\/\">July<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-52\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/efemerides\/junio\/\">June<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-49\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/efemerides\/marzo\/\">March<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-51\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/efemerides\/mayo\/\">May<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-29\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/mercado-argentino\/\">Argentine Market<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-28\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/mercado-internacional\/\">International Market<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-167\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/miscelaneo\/\">Miscellaneous<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-256\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/noticias\/\">News<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-57\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/efemerides\/noviembre\/\">November<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-27\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/nuestros-servicios\/\">Our services<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-56\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/efemerides\/octubre\/\">October<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-55\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/efemerides\/septiembre\/\">September<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-1\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/sin-categoria\/\">Uncategorized<\/a>\n<\/li>\n<\/ul>\n\n\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>On this day in 2002, WorldCom went bankrupt, a key event in the dot-com bubble. Let&#039;s take a closer look.<\/p>","protected":false},"author":2,"featured_media":3308,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[77,46,53,28],"tags":[39,88,70,89,87],"class_list":["post-3307","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-efemerides","category-julio","category-mercado-internacional","tag-bolsa-de-valores","tag-crisis","tag-mercado-internacional","tag-puntocom","tag-worldcom"],"_links":{"self":[{"href":"https:\/\/elinversordebolsillo.com.ar\/en\/wp-json\/wp\/v2\/posts\/3307","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/elinversordebolsillo.com.ar\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/elinversordebolsillo.com.ar\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/elinversordebolsillo.com.ar\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/elinversordebolsillo.com.ar\/en\/wp-json\/wp\/v2\/comments?post=3307"}],"version-history":[{"count":15,"href":"https:\/\/elinversordebolsillo.com.ar\/en\/wp-json\/wp\/v2\/posts\/3307\/revisions"}],"predecessor-version":[{"id":8684,"href":"https:\/\/elinversordebolsillo.com.ar\/en\/wp-json\/wp\/v2\/posts\/3307\/revisions\/8684"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/elinversordebolsillo.com.ar\/en\/wp-json\/wp\/v2\/media\/3308"}],"wp:attachment":[{"href":"https:\/\/elinversordebolsillo.com.ar\/en\/wp-json\/wp\/v2\/media?parent=3307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/elinversordebolsillo.com.ar\/en\/wp-json\/wp\/v2\/categories?post=3307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/elinversordebolsillo.com.ar\/en\/wp-json\/wp\/v2\/tags?post=3307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}