11. Dot-Com Bubble Burst (2000)
The Dot-Com Bubble Burst in 2000 marked the collapse of the late 1990s’ speculative surge in internet-based companies. Between 1995 and 2000, the Nasdaq Composite index rose nearly sevenfold, from 743 to 5,048, driven by investor enthusiasm for “dot-com” startups. However, by early 2000, many of these companies failed to achieve profitability, leading to a market correction. The Nasdaq fell from its peak to 1,139 by October 2002, erasing nearly all gains from the bubble (investopedia.com). This downturn resulted in widespread bankruptcies and layoffs, reshaping the technology sector.
