The Dot-com crash was the 2000–2002 market crash that followed the collapse of a technology-stock bubble centered on internet companies.
The bubble's peak came on March 10, 2000, when the Nasdaq Composite reached 5,048.62. Investors had driven up shares of internet and technology companies despite many firms having little revenue, no profits, or business models that depended on continued market optimism.
After the peak, rising interest rates, disappointing earnings, bankruptcies, and skepticism about technology valuations caused prices to fall. The Nasdaq lost roughly 78% of its value by October 2002.
The collapse damaged venture capital, technology employment, and household investment accounts, but it did not produce the same banking-system crisis as 2008. Some major technology companies survived and later became highly profitable, while many speculative startups disappeared.