The dot-com bubble was a period of excessive speculation in internet-related companies in the late 1990s, when the prices of technology shares rose far beyond their earnings. Investors rushed to buy shares in companies with names ending in dot com, many of which had no profits and sometimes no clear business plans, and the Nasdaq index rose several times in value. The bubble peaked in March 2000, and then the market began to fall as interest rates rose and investors lost confidence. Many internet firms went bankrupt, and the Nasdaq lost most of its value by 2002. Some companies such as Amazon survived and later thrived, and the crash left lessons about valuation and speculation.
Before and after
- 2000Origins of Superettan
- 2nd millenniumRise of consumerism
- 6 January 2000The last Pyrenean ibex dies and is later cloned
- from 9 March 2000 to 26 September 2003Launch of Nupedia
- 10 March 2000Dot-com bubble
- 19 April 2000Creation of Windows Mobile
- 11 May 2000Construction of Tate Modern
- 26 June 2000The first draft of the human genome is announced
- July 2000Discovery of livermorium
More in Wars, politics & history
- from 12 March 1947 to 25 December 1991Cold War
- 15 August 1947India and Pakistan become independent
- 10 December 1948Universal Declaration of Human Rights
- from 1 November 1955 to 30 April 1975Vietnam War
- 26 December 1991Dissolution of the Soviet Union
- 24 February 2022Full-scale Russo-Ukrainian war
The era
This moment belongs to the Contemporary world (1945 CE to today), the world since 1945. You can also browse everything in the 20th century.