Reminds me of the obscene valuations of larger tech companies like Microsoft, Cisco, and Amazon during the dotcom bubble. The companies were overvalued by any

Reminds me of the obscene valuations of larger tech companies like Microsoft, Cisco, and Amazon during the dotcom bubble. The companies were overvalued by any reasonable measure. Cisco Systems - Peak: $555-579B market cap, March 2000 ($80/share) - Low: $8.12/share, late 2002 (down ~90%) - Recovery: Never fully recovered; still below peak as of Nov 2025 ($308B market cap) Microsoft - Peak: $614B market cap, December 1999 - Low: Down ~60% to below $250B by December 2000 - Recovery: October 2016 (17 years to recover) Amazon - Peak: $113/share, December 1999 - Low: $5.51/share, late 2001 (down ~95%) - Recovery: Late 2009 (10 years), though briefly recovered in 2007 before 2008 crash set it back to full recovery in 2010 It will be interesting to see which companies survive and which implode.