-
Period: to
Tech Bubble
-
Websites Start Selling Stock
Sites including Amazon,Boo, Pets, etc. became availavble on the market to assist in pulling it out of the recession. -
Payout
16 dot com companies were each paid over 2 million in 30 seconds. -
NASDAQ Peaked
With the NASDAQ peak stocks were at a high. Stock markets in industrialized nations saw equity value rise rapidly in the more recent Internet sector. -
Bubble Bursts
NASDAQ fell one thousand points. It rebounded in the next few days but it was the most volatile influx in the NASDAQ history. -
911
The terrorist attacks killed 700 employees in the World Trade Center excellerrated the drop. -
Dot-bombs
By the end of 2001 the dot com companies ceased trading after burning through their venture capital, many never making a profit. These company fails were referred to as dot-bombs -
CEO Fire
CEOs of many successful dot com companies were convicted of fraud and conspiracy. Further hurting the decline of the tech boom. -
Survivors
Some besites survived but such as Amazon but had heavy losses. Amazon who experienced $107 shares during the bubble were down to $7 a share.