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Dotcom Bubble 2000

The year 2000 did not only mark the entry into a new millenium, but also one of the most famous bubble: the .com or dotcom bubble. Stocks of companies involved in technology, or more specific the internet, rose to ever higher values. People believed that the internet would change the economy of the future, and a new digital economy would take the lead. Internet firms, companies which had an ".com" prefix, month old startups could create stocks worth millions, although they never earned any money. The nasdaq, US technology stock index, doubled from march 1998 to march 2000 and reached over 5100 points at its high.

NASDAQ from 1998 - 2002