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submitted 2 weeks ago by 0x0@lemmy.zip to c/technology@lemmy.world
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[-] GlenRambo@jlai.lu 8 points 2 weeks ago

ELI5. Because I was actually 5 when that happened.

[-] nyan@lemmy.cafe 8 points 2 weeks ago

The dot-com bubble? A whole bunch of investment money was poured into businesses operating over the Internet from around the time dial-up became widely available. A few years later, investors realized that "on the Internet" wasn't necessarily the key to making a crapton of money and the stock market crashed. A bunch of companies (many of which never made it to profitability) went under, and a fair number of people lost their jobs. Pets.com was one of the more notable victims.

This doesn't, however, mean that no business is done over the Internet today.

this post was submitted on 15 Sep 2025
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