The emergence of the internet resulted in many businesses popping up during the 1990s, which were known as dot-com companies. The world had high hopes for these businesses, but those hopes were short lived when the dot-com bubble popped during the early 2000s. During this time, we saw the rise and fall of tech stocks, meaning many businesses went bust and investors lost their money. What was the Dot-Com Bubble? In the late 90s, the internet became more pervasive in homes thanks to web browsers, among other factors. In response to this, there was an uptick in tech and internet service businesses and investors had high hopes for these companies. Investors and venture capitalists poured money into these dot-com businesses and these companies experienced exponential growth in the valuation of their stock market shares. While this meant many businesses and employee shares skyrocketed overnight, it also created a ‘bubble’ in the market, which is popularly known as the dot-com bubble. During the late 90s and early 2000s, the bubble busted and resulted in one of the biggest market crashes in history. Causes of the Dot-Com
By Stephen L. Thomas | January 9, 2024 | In