What Is DOT-COM BUBBLE? DOT-COM BUBBLE Definition & Meaning
Channel: Audiopedia
Date: 2018-09-26

What is DOT-COM BUBBLE? What does DOT-COM BUBBLE mean? DOT-COM BUBBLE meaning - DOT-COM BUBBLE definition - DOT-COM BUBBLE explanation.

The dot-com bubble (also known as the dot-com boom,[1] the dot-com crash,[2] the tech bubble,[3] the Internet bubble, and the information technology bubble) was a historic economic bubble and period of excessive speculation that occurred roughly from 1995 to 2000, a period of extreme growth in the usage and adaptation of the Internet.[4]

The Nasdaq Composite stock market index, which included many Internet-based companies, peaked in value on March 10, 2000 before crashing. The burst of the bubble lasted from March 11, 2000 to October 9, 2002.[4][2] After the bubble burst, online retail companies, such as Pets.com, Webvan and Boo.com, failed completely and shut down along with communication companies, such as WorldCom, NorthPoint Communications and Global Crossing.[5][6] Others, such as Cisco, whose stock declined by 86%,[6] and Qualcomm, lost a large portion of their market capitalization but survived, and some companies, such as eBay and Amazon.com, declined in value but recovered quickly.
Source: Wikipedia.org