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.
If they had gone bankrupt - a real possibility, the equity would have been worth zero. There are also a lot of scenarios that they would have lost or not done nearly as well (Walmart went into dotcom far more aggressively, AWS wasn’t profitable and able to subsidize their other businesses which still aren’t making money, etc).