this post was submitted on 17 Apr 2022
35 points (100.0% liked)
Memes
46414 readers
2998 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Wasn't there an Internet bubble breakage (or however it is called) right on those days?
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.