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dot-com bubble |
Also found in: Wikipedia | 0.04 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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The aftermath of the dot-com collapse, coupled with the disastrous events of September 11th and the destruction of the World Trade Center, produced a growing uneasiness in the business community, and consequently a very unstable and unpredictable office market. As Lieser and others point out, the great sucking sound in California's economy (and state budget) is coming from just one Silicon Valley hole, where the dot-com collapse has vaporized 250,000 higher-end Bay Area jobs. But the decade-long slump in aerospace--only recently revived--along with the dot-com collapse, has taken its toll. |
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