Page 19 - Dot Com Bubble News Today

Burry, famous for his dire predictions, pointed to how past crashes have played out, and cautioned the current downturn is only just beginning.

Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities

PARIS, May 15 — From e-commerce colossus Amazon to social networking star Facebook, US tech firms that once grew with abandon have reined in hiring to endure tumultuous times. Internet giants that saw business boom during the pandemic have taken a hit from inflation, war, supply-line trouble and...

Facebook parent Meta told analysts that hiring goals were being adjusted

Internet giants that saw business boom during the pandemic have taken a hit

Shares gain 0.8pc. Oil prices rally on China optimism, Ukraine worries. Goodman sticks to profit guidance, warns on costs. Bitcoin gains. Follow the latest here.

The rise of the internet opened the floodgates for companies centering their business models on the burgeoning online technology, which eventually led to the Dot-Com Bubble.

From the 1973 oil crisis to the COVID-19 recession weve seen economic crises in recent history. What have investors learned from the turmoil?

Burry gave the example of Amazon stock, which plunged more than 90% after the dot-com bubble burst, and warned inflation could constrain the Fed.

Gundlach predicted lingering inflation, compared last year's tech-stock boom to the late 1990s, and raised the prospect of a painful downturn in 2023.