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But the problem ran deeper than the failure of most dot.coms to make a profit. The hype around the Internet during the late 1990s included a widely accepted statistic that Internet traffic was doubling every three months. Analysts estimate that Internet traffic actually grew at a rate closer to 100 percent a year. (Marc J. Epstein, 2004)
This is still hefty by most standards, but nowhere near the volume that led more than a dozen companies to build expensive fiber-optic networks, most of which remain unused. Millions of miles of fiber-optic lines were buried beneath streets and oceans, but only an estimated 2...
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