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The collapse reshaped the technology sector and the broader economy through several specific phases:
- The Peak: Between 1995 and its peak in 2000, heavy venture capital investment in internet-based startups with little to no profit caused the Nasdaq to skyrocket by 600%.
- The Crash: The speculative bubble popped when venture capital dried up, forcing countless unprofitable dot-com startups into bankruptcy.
- The Aftermath: By October 2002, the Nasdaq had plummeted 78% from its peak. Many companies, such as Amazon, Priceline, and eBay, survived the crash, while others like Pets.com completely dissolved.
For a deeper dive into how this historical event compares to today's markets, you can read the Investopedia overview of the dot-com bubble or explore Wikipedia.
If you are interested, I can provide:
- Lessons learned from the dot-com crash
- How historical tech valuations compare to today's market
Let me know what you'd like to explore further.
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