Dot-com Bubble

About Dot-com Bubble

A speculative bubble in internet and technology stocks from 1995 to 2000. The NASDAQ rose 400 percent, peaking at 5,048 on March 10, 2000. Companies with no profits or revenue had billion dollar valuations. Pets.com, Webvan, and hundreds of others went bankrupt. The NASDAQ fell 78 percent by October 2002, wiping out 5 trillion in value. Companies like Amazon lost over 90 percent of their value but survived. The bubble was fueled by venture capital, IPO mania, and the belief that the internet changed all economic rules. Survivors like Amazon and Google eventually exceeded their bubble era valuations.