Editing Dot-com bubble (section)

{{short description|Tech stock speculative craze, c. 1997–2003}}
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{{use mdy dates|date=August 2024}}
[[File:Nasdaq Composite dot-com bubble.svg|thumb|upright=1.2|The [[NASDAQ Composite]] index spiked in 2000 and then fell sharply as a result of the dot-com bubble.]]
[[File:US VC funding.png|thumb|260px|Quarterly U.S. venture capital investments, 1995–2017]]

The '''dot-com bubble''' (or '''dot-com boom''') was a [[stock market bubble]] that ballooned during the late-1990s and peaked on Friday, March 10, 2000. This period of market growth coincided with the widespread adoption of the [[World Wide Web]] and the [[Internet]], resulting in a dispensation of available [[venture capital]] and the rapid growth of valuations in new dot-com [[Startup company|startups]]. Between 1995 and its peak in March 2000, investments in the NASDAQ composite stock market index rose by 80%, only to fall 78% from its peak by October 2002, giving up all its gains during the bubble.

During the '''dot-com crash''', many [[online shopping]] companies, notably [[Pets.com]], [[Webvan]], and [[Boo.com]], as well as several communication companies, such as [[Worldcom]], [[NorthPoint Communications]], and [[Global Crossing]], failed and shut down.<ref>{{cite news |date=June 5, 2008 |title=The greatest defunct Web sites and dotcom disasters |work=[[CNET]] |url=https://www.cnet.com/news/the-greatest-defunct-web-sites-and-dotcom-disasters/ |url-status=live |access-date=February 10, 2020 |archive-url=https://web.archive.org/web/20190828223335/https://www.cnet.com/news/the-greatest-defunct-web-sites-and-dotcom-disasters/ |archive-date=August 28, 2019}}</ref><ref name="valuation">{{cite book |last=Kumar |first=Rajesh |title=Valuation: Theories and Concepts |date=December 5, 2015 |publisher=[[Elsevier]] |pages=25}}</ref> Others, like [[Lastminute.com]], [[MP3.com]] and [[PeopleSound]] remained through its sale and buyers acquisition. Larger companies like [[Amazon (company)|Amazon]] and [[Cisco Systems]] lost large portions of their market capitalization, with Cisco losing 80% of its stock value.<ref name="valuation" /><ref>{{Cite news |last=Powell |first=Jamie |date=2021-03-08 |title=Investors should not dismiss Cisco's dot com collapse as a historical anomaly |work=[[Financial Times]] |url=https://www.ft.com/content/81a03045-86f7-4e57-afbd-5ff83679615f |url-status=live |url-access=subscription |access-date=2022-04-06 |archive-url=https://ghostarchive.org/archive/20221210/https://www.ft.com/content/81a03045-86f7-4e57-afbd-5ff83679615f |archive-date=2022-12-10}}</ref>