this post was submitted on 26 Jun 2026
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Was the dotcom bubble also this dumb? I find that hard to imagine
The dotcom bubble was very dumb but I don't remember it taking the rest of civilization down with it. Some idiots who jumped on a bandwagon they didn't understand got venture capital for saying a buzzword, they bought expensive office chairs and then lost their shirts, but it didn't quadruple the price of a cheeseburger.
It was incredibly stupid but more like NFT stupid where people thought that in the future everybody would go to beer.com for their beer or bread.com for their bread or whatever.
Insane amounts were spent for no reason, but nobody blocked entire hardware markets or threatened nature in society to the extent that we're seeing now.
The.com crash was hubris. This is a bunch of exceptionally wealthy people wanting to wreck the entire world and pick up the pieces.