Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Dot-com bubble?
Summarize this article for a 10 year old
The dot-com bubble (or dot-com boom) was a stock market bubble that ballooned during the late-1990s and peaked on Friday, March 10, 2000. This period of market growth coincided with the widespread adoption of the World Wide Web and the Internet, resulting in a dispensation of available venture capital and the rapid growth of valuations in new dot-com startups.
Between 1995 and its peak in March 2000, investments in the NASDAQ composite stock market index rose 800%, only to fall 78% from its peak by October 2002, giving up all its gains during the bubble.
During the dot-com crash, many online shopping companies, notably Pets.com, Webvan, and Boo.com, as well as several communication companies, such as Worldcom, NorthPoint Communications, and Global Crossing, failed and shut down. Others, like Lastminute.com, MP3.com and PeopleSound remained through its sale and buyers acquisition. Larger companies like Amazon and Cisco Systems lost large portions of their market capitalization, with Cisco losing 80% of its stock value.
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