The Internet bubble crash in 2000
The Internet bubble is the name given to a speculative bubble which affected the state-of-the-art technology sector, including telecommunications and computer technology. Securities became famous as a good example of this crash, thanks to the Internet bubble. For example, Alcatel had reached €94 on Sept. 1, 2000, to finish at a price of €12.65 in September 2001. This new economy was reflected by the emergence of "Golden Boys." The fervent price increase enabled many traders to become limitlessly rich.
This crisis initially started with the fall of the Nasdaq, after it reached a record 5,048.62 points on March 10, 2000. It then lost 27% during April 2000, and finally lost almost 40% in the year 2000. Of course, it took all other markets down with it when it fell.