A company that embraces the internet as the key component in its business.
Investopedia Says:
The dotcoms took the world by storm in the late '90s, rising faster than any industry in recent memory. Despite the fact that most internet companies were losing money hand over fist, they were given huge valuations on the stock market - but it didn't last for long. The Nasdaq hit its high in March, 2000, and within a few years most of the dotcom sector was wiped out.
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