The crash that followed the bursting of the technology-focused dot-com bubble around 2000 was the dot-com crash.
During the late 1990s, investors poured money into internet and technology companies, often valuing businesses far above their profits or revenues. The Nasdaq Composite became a major symbol of this enthusiasm and reached a peak on 10 March 2000.
After confidence changed, technology shares fell sharply. Many unprofitable internet companies closed, while surviving firms faced layoffs, restructuring, or years of depressed valuations. The decline was not a single trading-day event; it unfolded over several years, with the Nasdaq ultimately losing most of its value from its 2000 peak.
The dot-com crash is distinct from the 2008 financial crisis. The earlier episode centered on technology-stock valuations and venture financing, whereas 2008 was driven primarily by a housing and credit collapse.