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NE SD | There was that too. Everybody made a website for a new company and said ok, now what.
I didn’t look up specific charts, but here’s a snippet from an article about it.
“ In February 2000, the Federal Reserve announced that it would raise the interest rate to slow down the overheating economy. Higher interest rates increased the borrowing costs for unprofitable dot-com companies and alarmed investors to reevaluate their investments. The increasing interest rate, lower investor confidence, and scandals of accounting frauds by companies such as Worldcom finally burst the five-year bubble.” | |
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Dot com bubble
