Not surprisingly, the Internet elite—the 20% of the most highly wired Internet users who have been on the ’Net the longest and who log on daily—have felt the dot-com tumble the most. A sizable minority of this elite, call them the “dot-glums,” have lost money on a dot-com investment, know someone who has been laid off from an Internet company, or have seen a Website they like shut down. In fact, the dot-glums make up 38% of the Internet’s elite users, or about 8 million Americans. Nearly one-quarter (24%) of dot-glums know someone who has lost a job at an Internet company, 14% either lost money on an Internet investment or have a family member who did, and 15% are missing a Web site that no longer exists.