Shattering Echoes of the Dot-Com Bubble Burst: A Delve into its Impact on Today's Tech Titans
By
Abdul Waha
In the late 1990s, the world witnessed an unprecedented surge in internet-based companies or 'dot-coms'. This period, known as the Dot-Com Boom, was characterized by a wave of speculative investments, as investors poured money into any company with a '.com' in its name, expecting high returns. However, this bubble burst in 2000, leading to a significant market crash and the failure of many dot-com companies. This event, known as the Dot-Com Bubble Burst, had far-reaching effects on the global economy and the tech industry in particular. This section will set the stage for a deep dive into the echo effects of this historical event on today's tech titans.
A rendering of the NASDAQ Composite index from 1994 to 2005, showing the stunning peak in early 2000 that coincides with the dot-com bust. Photo Credit: Wikimedia Commons @Made by ed g2s • talk
The Dot-Com Bubble Burst resulted from over-speculation, overvaluation, and a subsequent lack of investor confidence. Many internet companies were unable to turn a profit, and when investors started to pull out, the market crashed. Companies that had been valued in the billions were suddenly worthless. This section will delve into the causes and consequences of the Dot-Com Bubble Burst, providing a foundation for understanding its impact on today's tech industry.
