Dot-com bubble

The Dot-com bubble was a period in the late 1990s and early 2000s when internet-based companies' stock prices skyrocketed, driven by high investor enthusiasm and speculation. Many of these companies had little or no profits, yet their valuations soared because investors believed the internet would change everything. Eventually, unrealistic expectations led to a market crash, causing many companies to lose significant value and some to fail. This serves as a reminder of how market exuberance, detached from actual business fundamentals, can create bubbles that inevitably burst.