Chapter 1
The gold rush of the early web
Chapter 2
Inside the bubble of irrational exuberance
Chapter 3
The day the internet broke
Chapter 4
Phoenix from the ashes
YOUR GOAL
Master of The dot-com boom and bust
Ch 3 · The day the internet broke
steve The day the internet broke
Back in two thousand, the market took a fall, Dot-com dreams crumbled, losing it all.
steve Laid-off tech workers turned their sudden unemployment into social networking events.
steve Startups ran out of money because their 'burn rate' far exceeded their actual income.
Fun Fact
Nasdaq recovery: It took the Nasdaq stock index 15 years to recover and surpass its March 2000 peak.
Glossary
crash (noun)
A sudden and significant decline in the value of a market or asset. On March 10, 2000, the speculative Nasdaq index peaked, triggering a devastating collapse of early internet companies.
A sudden and significant decline in the value of a market or asset. On March 10, 2000, the speculative Nasdaq index peaked, triggering a devastating collapse of early internet companies.
Quiz
In what month and year did the Nasdaq stock index peak before the dot-com bubble burst?
Quiz
What is 'dark fiber' in telecommunications, which was overbuilt during the dot-com boom?
Quiz
Which massive telecommunications company went bankrupt in 2002 after a major accounting scandal during the dot-com bust?
Quiz
Approximately how much value did the Nasdaq stock index lose from its peak in 2000 to its bottom in 2002 during the dot-com crash?