Dotcom bubble burst from "summary" of Fire in the Valley by Paul Freiberger,Michael Swaine
The Dotcom bubble burst in the early 2000s was a catastrophic event that shook the very foundations of the tech industry. Investors who had been riding high on the wave of dotcom mania suddenly found themselves facing massive losses as the bubble burst, taking down countless startups and established companies in its wake.
The frenzy had started in the late 1990s, fueled by irrational exuberance and a belief that the internet would revolutionize business as we knew it. Companies with little more than a website and a catchy name were able to attract huge amounts of investment, often without any real business plan or revenue to speak of. Stock prices soared to dizzying heights as investors clamored to get in on the next big thing.
But as with all bubbles, the Dotcom bubble was bound to burst. When it did, it was a harsh wake-up call for the tech industry. Companies that had once been the darlings of Wall Street suddenly found themselves struggling to...
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