Which market bubble burst in March 2000, marking the start of the dot-com crash?

The dot-com bubble burst in March 2000, marking the start of the dot-com crash.

Investors had poured money into internet-related companies during the late 1990s. Many businesses promised rapid growth but had little revenue, no profits, or an untested business model. Easy access to venture capital and enthusiasm about the commercial internet pushed valuations far above traditional measures.

The technology-heavy Nasdaq Composite reached an intraday peak of 5,132.52 on March 10, 2000. It then declined sharply as investors began demanding evidence of sustainable earnings. The collapse spread beyond newly formed internet companies to established technology firms.

The crash did not mean the internet itself was a failure. Companies such as Amazon and eBay survived and later grew substantially, while many weaker firms disappeared. The episode is commonly confused with the 2008 housing and credit crisis, but the dot-com crash centered on technology-stock valuations and occurred nearly a decade earlier.