this post was submitted on 02 Jul 2023
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This has been a strange year.

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[โ€“] [email protected] 11 points 1 year ago* (last edited 1 year ago)

Hey wait Iโ€™ve seen this one before!

โ€œ The dotcom bubble burst when capital began to dry up. In the years preceding the bubble, record-low interest rates, the adoption of the Internet, and interest in technology companies allowed capital to flow freely, especially to startup companies that had no track record of success.โ€