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How Hard Would Dot-Com Bust 2.0 Hit California?

How Hard Would Dot-Com Bust 2.0 Hit California?
The logo of Facebook parent Meta is beneath a 3D-printed logo of Facebook on a laptop keyboard in this illustration taken on Nov. 2, 2021. Dado Ruvic/Illustration/Reuters
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Commentary

Meta Platforms Inc., which owns Facebook, crashed at least $195 billion in value on Thursday. Does this harbor a major tech market correction on the level of the massive selloff in 2000–01, called the Dot-Com Bust?

John Seiler
John Seiler
Author
John Seiler is a veteran California opinion writer. Mr. Seiler has written editorials for The Orange County Register for almost 30 years. He is a U.S. Army veteran and former press secretary for California state Sen. John Moorlach. He blogs at JohnSeiler.Substack.com and his email is [email protected]
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