Cynical Capitalist

the dotcom crash of 2000

The dot-com bubble was a historic speculative bubble covering roughly 1997 – 2000 (with a peak in March 2000) during which stock markets in industrialized nations saw their equity value rise rapidly from growth in the Internet sector and related fields.

• webvan, online grocer that burned through $800 million in funding; bankrupt in 2001
• boo.com, spent $188m in six months to create an online fashion store; bankrupt in May 2000
• startups.com, the "ultimate dot-com startup"; out of business in 2002
• theGlobe.com, a social networking service, largest first day gain of any IPO in history
• pets.com, pet supplies store famous for puppet mascot and SuperBowl ads; bankrupt in 2000
• broadcast.com, acquired by Yahoo! for $5.9bn; now defunct
• GeoCities purchased by Yahoo! for $3.57bn in January 1999; closed ten years later
• Xcelera.com, a Swedish investor in start-up firms, "Greatest one-year rise stock in history"
• MicroStrategy, lost more than half its value on a single day following re-stated financials
• InfoSpace, reached a price $1,305 per share in 2000; crashed down to $22 a share by 2001
• The Learning Company, bought by Mattel in 1999 for $3.5bn; sold for $27.3 million in 2000
• Think Tools AG, reached a valuation of CHF 2.5bn in 2000, with no prospects of having a product

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