Dotcom bust had to do with access to capital. The internet continued to grow sales, etc throughout the dotcom bust in aggregate. And yes the stock market did not rebound in 2002, but that doesn’t explain the fall off in sales combined with higher expenses.
Dotcom bust had to do with access to capital.
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My point was AMZN was a good buy in 2002 due to the DOT-COM bust. I posted the chart that proves I’m right.