The Dot Com Bubble, also known as the burst of the century, originated with the launch of the World Wide Web in 1989 and led to a rapid rise of internet and tech-based start-up companies in the 1990s.
These start-ups, known as dotcoms, lacked viable business models and relied heavily on funding from venture capitalists, lenders, and individual investors.
Investors overlooked warning signs and focused on traffic growth rather than fundamental factors, leading to an over-valuation of internet firms.
The bubble burst in 2000, resulting in a market crash, bankruptcies, and massive investor losses estimated at around $5 trillion.