Dot-Com Bubble Burst

The dot-com bubble burst began on March 10, 2000, when the NASDAQ Composite peaked at 5,048 points before falling 78% by October 2002, wiping out $1.755 trillion in market value. The collapse was triggered by rising interest rates, the realization that many internet companies lacked sustainable business models, and a cascading loss of investor confidence.

Why Dot-Com Bubble Burst Matters

The dot-com crash fundamentally reshaped the internet industry by separating viable business models from pure speculation, establishing the importance of revenue, profitability, and sustainable growth over "eyeballs" and market share. The crash cleared out thousands of unprofitable companies while allowing truly innovative services like Google, Amazon, and eBay to emerge stronger and define the modern internet economy.