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This is fine
(lemmy.ml)
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this post was submitted on 04 Aug 2025
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Was the .com crash bad for average people? I was not yet financially responsible for myself then.
I was average people and watched a lot of layoffs happen over it.
It didn't feel that way, not like 2006 felt. I think the crash got quickly overshadowed by 9/11. I also believe that the bubble itself was actually managed better, instead of becoming instant tax cuts and handouts like bubbles under Republicans, so the fallout didn't feel so bad.
The worst thing that happened during it was the Enron scandal, a bunch of startup website companies failed, and the ones that didn’t are evil mega corps now.