Dot-com bubble
From The Art and Popular Culture Encyclopedia
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The "dot-com bubble" (or sometimes the "I.T. bubble") was a speculative bubble covering roughly 1995–2001 (with a climax on March 10th, 2000 with the NASDAQ peaking at 5132.52) during which stock markets in Western nations saw their value increase rapidly from growth in the new Internet sector and related fields. The period was marked by the founding (and, in many cases, spectacular failure) of a group of new Internet-based companies commonly referred to as dot-coms. A combination of rapidly increasing stock prices, individual speculation in stocks, and widely available venture capital created an exuberant environment in which many of these businesses dismissed standard business models, focusing on increasing market share at the expense of the bottom line. The bursting of the dot-com bubble marked the beginning of a relatively mild yet rather lengthy early 2000s recession in the developed world.
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See also
Terminology
- Digital Revolution
- E-commerce
- The Long Tail
- South Sea Company
- Tulip mania
- Techno-utopianism
- Technology hype
- Web 2.0
- E-learning
- Dark fiber
Media
Venture capital
Economic downturn
