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the dotom bubble started around 1997

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peaked in 2000 and ultimately bursted by

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2002 as the name suggests the bubble

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revolved around speculative investments

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in internet companies simply put

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investors were so excited about the

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progress of the internet that they

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invested in pretty much any tech company

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with a pulse they stopped caring about

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whether or not a company was profitable

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or at least could eventually become

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profitable Common Sense became a Rarity

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from 1997 to March 2000 prices went up

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about five times only to go down five

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times and return to their pre-boom

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levels from 2000 to 2002 a drop which

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was also exacerbated by the terrorist

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attacks of September 11th 2001 only one

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out of two internet companies survived

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with businesses such as pets.com going

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from a market capitalization of over

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$300 million to zero within just 268

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days there are however also success

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stories such as Amazon which went from

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around $100 during the bubble Peak all

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the way down to $7 after it burst but

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then climbed back up to over $600 per

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share the conclusion is simple like any

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other Mania theom bubble is a

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fascinating human nature lesson