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dot-com bubble |
Also found in: Wikipedia | 0.02 sec. |
dot-com bubbleRefers to the late 1990s during which countless Internet companies were riding an enormous wave of enthusiasm that pushed their stock valuations into the stratosphere even though they never made a penny. Billions in venture capital were given to entrepreneurs with little or no experience to fund ideas that were ludicrous. It was a crazy time, and people were very excited. With all of the nonsense, many dot-coms did survive, and countless concepts and techniques were developed that continue today. Compared to other industries, one must keep in mind that the Internet is still in its infancy! See dot-com and New Economy. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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On his itulip web site he called the top of the dot com bubble in March 2000 and recommended moving from cash to gold in 2001 when gold bottomed. The memory of the dot com bubble and burst just five years ago is still fresh. The industry shows no signs of forcefully breaking out of its malaise that started with the end of the dot com bubble era in April 2000 and the subsequent ongoing retrenchment of the financial services industry. |
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