The dotcom bubble burst, leaving chaos in its wake from "summary" of When the Heavens Went on Sale by Ashlee Vance
The early 2000s were a tumultuous time for the technology industry. The dotcom bubble, which had been steadily inflating for years, finally burst, leaving devastation in its wake. Companies that had once been valued in the billions saw their stock prices plummet overnight. Investors who had poured millions into promising startups suddenly found themselves with nothing to show for it. The chaos that followed the burst of the dotcom bubble was palpable. Layoffs were rampant as companies scrambled to cut costs and stay afloat. High-flying CEOs were suddenly out of a job, their lavish lifestyles coming to a crashing halt. The once bustling tech hubs of Silicon Valley and Wall Street were eerily quiet as the reality of the situation set in. For many, the burst of the dotcom bubble was a wake-up call. The exuberance and optimism that had defined the late 1990s gave way to a more cautious and measured approa...
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