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Meaning of “the dotcom crash” in the English Dictionary

"the dotcom crash" in Business English

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the dotcom crashnoun [S]

uk   us   (also the dot.com crash, also the dot-com crash) E-COMMERCE, INTERNET
the ​period early in the ​year 2000 when ​shareprices suddenly went down as hundreds of ​companies doing ​business on the ​internetfailed or ​lost most of the ​value of their ​shares: After the dot-com ​crash, there was a misconception that there were no more ​high-techsoftwarejobs.
(Definition of the dotcom crash from the Cambridge Business English Dictionary © Cambridge University Press)
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