Chapter 1
The great 2026 cash burn
Chapter 2
Echoes of the dot-com crash
Chapter 3
The circular money loop
Chapter 4
The race to go public
YOUR GOAL
Master of The AI bubble
Ch 2 · Echoes of the dot-com crash
marcus Echoes of the dot-com crash
When valuations soar on pure belief, The market's crash can bring such grief.
Fun Fact
Cisco peak: In March 2000, hardware giant Cisco became the world's most valuable company before losing nearly 90% of its stock value.
Glossary
bubble (noun)
A speculative financial cycle where asset prices rapidly escalate far beyond their intrinsic value before collapsing. The Nasdaq peaked in March 2000 before a historic collapse wiped out five trillion dollars.
A speculative financial cycle where asset prices rapidly escalate far beyond their intrinsic value before collapsing. The Nasdaq peaked in March 2000 before a historic collapse wiped out five trillion dollars.
Quiz
Who famously observed in 1987 that computers were visible everywhere except in productivity statistics?
Quiz
What percentage of the fiber-optic cables laid during the late 1990s dot-com boom went unused immediately after the crash?
Quiz
Which hardware company became the most valuable in the world in March 2000 before the dot-com bubble burst?
Quiz
What economic concept describes the slow-to-fast-to-slow path of new technology adoption?