The 2000–2002 collapse in technology shares after the late-1990s internet-stock boom is called the dot-com crash.
The crash followed a rapid rise in internet-related companies, many of which had limited revenues or no profits. Investors often valued businesses according to expected future growth rather than established earnings. The Nasdaq Composite reached an intraday peak of 5,132.52 on March 10, 2000.
After sentiment changed, technology shares fell sharply. The Nasdaq lost about 78 percent from its peak to its October 2002 low. Numerous startups failed, while surviving firms generally had stronger finances or useful products.
The dot-com crash is not identical to the 2008 housing and credit crash. It centered on equity valuations and technology companies, although the resulting recession affected the wider economy. Amazon, eBay, and Google survived the downturn, while many speculative ventures disappeared.