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Definition: dot-com bubble


The late 1990s during which countless Internet companies were riding an enormous wave of enthusiasm that pushed their stock valuations into the stratosphere even though they never made a penny. In the dot-com bubble, billions of dollars in venture capital were given to entrepreneurs with little or no experience to fund ideas that were ludicrous. It was a crazy time, and people were very excited. Even with all the nonsense, many dot-coms did survive, and many concepts and techniques were developed that continue today in other companies and other forms. See dot-com company, dot-com bust and New Economy.