Which 2000–2002 crash followed the collapse of the dot-com technology-stock bubble?

The 2000–2002 crash that followed the collapse of the dot-com technology-stock bubble was the dot-com crash.

During the late 1990s, investors poured money into internet-related companies, often valuing rapid user growth more highly than profits. The Nasdaq Composite became a central measure of this enthusiasm and reached a peak on March 10, 2000.

After confidence turned, many technology shares plunged. Numerous companies ran out of cash, while established firms also suffered as investors reassessed internet business models. The Nasdaq eventually fell about 78% from its peak to its October 2002 low.

The crash did not mean that the internet lacked economic value. Instead, it showed that a useful technology can coexist with unrealistic prices and unsustainable company finances. Later successful internet businesses are therefore not evidence that the original valuations were sound.