Dot.com boom and bust!

In the early 90's, the advancement of technology reached unprecedented level, where a media articles and Hollywood fictional films of technology forecast overtake the excitement of the population in the Unites States. The news were talking a someday in the near future refrigerators could display milk going out and shopping items was needed to refill. This kind of information about a new technology reached beyond its limit. It grasped the attention of many people to invest early for small startup tech-companies that were capable of changing the way world use to do the business before. This situation finally created a technological gold rash in the mid-90's. 

  

However, there were some reasons that was caused the bust of Dot.com boom!

Over-excitement of investing new technology without unknowing the financial situations of those startup companies was a one factor.

Lack of institutional regulation about the tech-IPO and how those IPO should been traded. At the same time, how some companies go public was a part of the problem.

Rich faster and harry to invest was one of the obvious mistakes the many peoples made during the Dot.com.

Suddenly, in March, 2000 the financial market in New York collapsed due to bad investment of tech-companies IPO and the shares of most tech-companies dropped half or more. While so many companies out of business in matter of days.