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What was the dot-com crash?
Universal Encyclopedia

What was the dot-com crash?

Between March 2000 and October 2002, the NASDAQ shed nearly four-fifths of its value — and the internet’s first age of innocence ended.

The short answer

On March 10, 2000, the NASDAQ Composite touched 5,048.62 in intraday trading — the highest point the index had ever seen, and the summit of a delirium that had convinced the world the future could be bought on credit and never have to pay.

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Between March 2000 and October 2002, the NASDAQ shed nearly four-fifths of its value — and the internet’s first age of innocence ended.…

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