Netscape Navigator was a browser created by a group led by a twenty-four-year-old named Marc Andreessen, who was described in Newsweek as “the über-super-wunder whiz kid of cyberspace.” The company’s I.P.O., on August 9, 1995, was a huge success. Five million shares went on sale on Nasdaq, at twenty-eight dollars a share; they closed the day at $58.25. The Times called it “the best opening day for a stock in Wall Street history for an issue of its size.”
A little more than two weeks later, Microsoft released Windows 95, backed by what was reported to be a three-hundred-million-dollar marketing campaign, along with its own browser, Internet Explorer 1.0, and the browser wars were on. Netscape, of course, was quickly and easily outmuscled by Microsoft. In 1998, Netscape was acquired by AOL, and it faded into insignificance.