Chapter 1
The gold rush of the early web
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Chapter 2
Inside the bubble of irrational exuberance
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Chapter 3
The day the internet broke
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Chapter 4
Phoenix from the ashes
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YOUR GOAL
Master of The dot-com boom and bust
Ch 2 · Inside the bubble of irrational exuberance
steve Dot-Com Bubble
Investors dreamed of riches, tech stocks soared so fast / But without real profits, the good times couldn't last.
Fun Fact
Super Bowl ads: In the 2000 Super Bowl, nearly 20% of all commercials were bought by dot-com startups, most of which went bankrupt soon after.
Glossary
irrational exuberance (noun)
A state of manic, unsustainable optimism in financial markets that drives asset prices far beyond their intrinsic value. Alan Greenspan coined the phrase in 1996 to warn of overvalued technology stocks before the market collapsed.
A state of manic, unsustainable optimism in financial markets that drives asset prices far beyond their intrinsic value. Alan Greenspan coined the phrase in 1996 to warn of overvalued technology stocks before the market collapsed.
Quiz
What does the financial term 'IPO' stand for, which was a major milestone for 1990s dot-com startups?
Quiz
Who coined the famous phrase 'irrational exuberance' in 1996 to describe the US stock market's wild growth during the dot-com era?
Quiz
What office perk became a famous symbol of late-1990s Silicon Valley tech startup culture?
Quiz
What metric did 1990s investors use to value dot-com startups that had no profits or revenue?
Quiz
Why did many dot-com companies offer their services entirely for free in the late 1990s?
Quiz
Which of these was a popular online community site that was acquired by Yahoo for $3.6 billion in 1999?
Quiz
What are 'stock options,' which late-1990s dot-com startups used to attract employees instead of high cash salaries?