Internet Event
Dot Com boom and bust
2001
As the public embraced the Web and e-commerce, web-based business expectations boomed. Nearly every possible business transaction moved to the Web to fulfill anticipated user needs. Many believed this to be the new Gold Rush and bought in big. Demand did not rise to meet expectations and within one year, technology stocks lost about 60% of their value.
As the public embraced the Web and e-commerce, web-based business expectations boomed. Nearly every possible business transaction moved to the Web to fulfill anticipated user needs. Many believed this to be the new Gold Rush and bought in big. Demand did not rise to meet expectations and within one year, technology stocks lost about 60% of their value.