Many stock market historians claim to have begun to realize the existence of the "Dot-Com Bubble" on January 2nd, 2000, when internet company stock prices began to decline. The "Dot-Com Bubble" officially burst on Friday, March 10th, 2000. Since 1995 to the date of the bubble burst, the NASDAQ Composite stock market index rose by 600%, rallying off of the overevalutions of the value of internet companies that began to enter during the early internet day. By October 2002, the value of the NASDAQ had fallen over 78% from its peak, giving up all its gains during the bubble. During the dot-com crash, many iconic internet shopping companies like Pets.com, Webvan, and Boo.com, all failed and shut down. Other companies like Amazon and Cisco Systems lost large portions of their market capitalization, with Cisco losing 80% of its stock value.
