• iortega@lemmy.eus
    2·
    3 years ago

    Wasn’t there an Internet bubble breakage (or however it is called) right on those days?

    • hewhomustnotbegamed@lemmygrad.ml
      3·
      3 years ago

      Yes, but that was purely the investors’ and speculators’ fault. They invested heavily in online companies and, as it usually happens in capitalism, when certain economic factors changed (rumors about failed mergers, Japan’s recession etc), their stocks were devaluated and the companies defaulted.

      The userbase wasn’t really affected, though.