What was the Dot.Com crash all about?

Question

I heard it mean in a Simpson's joke, but what was it about?

Answer 1

http://en.wikipedia.org/wiki/Dot-com_bub...

Answer 2

Basically, everyone got so excited about the internet, and Amazon's success the investers invested into all www.stock.com companies. Thus the shares got extremely over valued. Plus these companies claimed to be worth Billions; but actually all they owned was a domain name. some had a few thousand in inventory, but when investers retired, and sold the Public learned there was no money in these companies. The markets corrected themselves by going down to asset values; this got nicknamed "The Dot COM Bust, or crash"

Be very aware before you invest your hard earned money, and God Bless You