Meaning: This quote by Michael Nesmith, a musician and businessperson, reflects his perspective on the impact of the market crash on the internet and the resilience of certain big companies such as eBay and Yahoo. The quote suggests that despite the temporary setback caused by the market crash, the internet and these companies will eventually recover and thrive again.

The market crash that Nesmith refers to could be the dot-com bubble burst of the early 2000s, a significant event in the history of the internet and technology companies. During this period, many internet-based companies experienced a rapid increase in their stock prices followed by a sharp decline, leading to a widespread loss of investor confidence and significant financial losses. The aftermath of this crash had a profound impact on the tech industry and the broader economy.

Nesmith's observation about the resilience of big companies like eBay and Yahoo is particularly interesting. Both companies were prominent players in the early days of the internet and had weathered the storm of the dot-com bubble burst. Despite facing challenges during the market crash, these companies eventually demonstrated their ability to recover and adapt to the changing market conditions.

The quote also reflects Nesmith's belief in the long-term potential of the internet as a platform for business and innovation. His optimistic view of the internet "picking back up and going" suggests a deep understanding of the underlying value and transformative power of the digital economy. This sentiment aligns with the enduring belief in the internet's ability to drive economic growth and create new opportunities for businesses and consumers.

Furthermore, Nesmith's reference to publicly traded stocks coming "back up off the mat" highlights the dynamic nature of financial markets and the potential for recovery after a downturn. It underscores the idea that market fluctuations, while impactful in the short term, do not necessarily define the long-term trajectory of successful companies and industries.

In hindsight, Nesmith's perspective on the internet and the recovery of companies like eBay and Yahoo has proven to be prescient. Both companies successfully navigated the challenges of the dot-com bubble burst and continued to innovate and grow in the years that followed. eBay, in particular, evolved into a global e-commerce powerhouse, while Yahoo, despite its own struggles, maintained its position as a significant player in the digital media and technology landscape.

Overall, Nesmith's quote encapsulates the resilience and potential of the internet and certain big companies in the face of market volatility. It serves as a reminder that setbacks, while impactful, are not necessarily indicative of the long-term trajectory of innovative and adaptable businesses in the digital age.

In conclusion, Michael Nesmith's quote offers a compelling perspective on the resilience of the internet and certain big companies in the aftermath of a market crash. His belief in the eventual recovery and growth of these entities reflects a deep understanding of the dynamics of the digital economy and the enduring potential of innovative businesses to adapt and thrive.