MONEY Nasdaq

11 Ways the World Has Changed Since the Nasdaq Last Hit 5,000

The Nasdaq index just topped the 5,000 point line, which practically speaking means…. well, nothing. But it is a historical marker, since the tech and growth-stock heavy index hasn’t been at this level since just before the Internet bubble burst in 2000.

The index’s previous record close of 5,048 was March 2000. By the end of that year, it would be half that amount.

We went back to look at what the world looked like back at peak dotcom. What was all the fuss about?

  • The Pets.com sock puppet.
    Chris Hondros—Getty Images "I love stuffed things!"

    You’d have seen this cute sock puppet pictured everywhere during commercial breaks and even during the Macy’s Thanksgiving Day Parade.

    Thanks to Pets.com’s marketing campaign centered on this sock puppet, the online pet food and supplies company became the most recognized flop of the dot.com bubble. The company lost $147 million in 2000 before folding in November of that year. But the biggest flop title belongs to another company, Webvan, which was a grocery delivery service. In Nov. 1999, its stocks were trading at $30; by July 2001, stocks were 6 cents a share.

     

  • AskJeeves
    Ask.com via Internet Wayback Machine "AskJeeves it," said nobody

    “Google” wasn’t quite a verb yet. (That usage took until 2002 to show up on Buffy the Vampire Slayer) You could still plausibly ask Jeeves. Or Lycos or Excite something. Or you went to Yahoo!, which was famous for its Web directory, an index of stuff online. Because people really found things that way.

  • 150226_INV_Nasdaq5000_Y2K
    Richard Ellis—Getty Images Don't worry, we've got this. (And they mostly did.)

    Everyone was still relived that everything worked when the new millennium began. The scare: That around the world computers would get hopelessly confused and crashy when the year “99” flipped over to “00.”

  • Ernesto Roy holds a Diamond Rio portable MP3 player in San Francisco on Thursday, July 27, 2000. The tiny device can store and play dozens of megabytes of downloaded MP3 music files. A federal court yesterday ordered an injuction against Napster, a major resource for MP3s on the internet.
    Dan Krauss—Associated Press The Rio MP3 player, which lasted just long enough to help murder the CD

    MP3 players like this one were the newest way to listen to all your favorite songs. And, for the first time, you didn’t have to go to a shop and buy those tunes—you had to rip them from a CD or steal them, because there was no iTunes yet. Peer-to-peer music sharing service Napster was still going strong. Pearl Jam had yet to sue the service for copyright infringement.

  • Sending Text Message On Mobile Phone Nokia 3310
    Alamy Seemed like a smart phone at the time.

    This was one of the best selling phones of 2000, with 126 million units sold worldwide. It was known for its impressive features, which included a calculator, stop watch, reminder function and four—four!—games. Also, it really did seem stylish at the time. Still, only about half of Americans even owed a cell phone in 2000, vs. 90% today.

  • Steve Jobs, Founder and acting CEO of Apple Computer Inc., holds up one of the company's new consumer laptops called an "iBook" after his keynote address at the Macworld Expo in New York. The iBook G3 in 1999 was among the first laptops to come with a Wi-Fi card.
    Bebeto Matthews—AP Steve Jobs revived the Mac and had Apple on the comeback trail

    This early laptop from Apple with its colored plastic sides inspired comparisons to things like Barbie accessories and toilet seats, but was still everywhere in 2000. It was the first mainstream computer designed and sold with WiFi built in.

  • A computer user reads a program code attached to an e-mail dubbed the Love Bug May 5.
    Heinz-Peter Bader—Reuters People didn't hate this yet.

    In 2000, hardly anyone had to worry about missing an important email from their boss on a weekend. Only 1 in 3 adults even used email from their homes.

  • Address bar of internet browser
    Andrew Paterson—Alamy

    Today nearly 90% of Americans use the internet, but in 2000 only 46% of Americans used the internet and many nonusers felt that the internet was a “a dangerous thing”—54% believed this.

    A third of people who did not use the internet in 2000 said they definitely will not be going online and another 25% said they would probably not go online.

  • AMERICAN BEAUTY, US poster art, 1999
    DreamWorks—Courtesy Everett Collection AMERICAN BEAUTY, US poster art, 1999

    Kevin Spacey was having a midlife crisis in suburbia, instead of masterfully manipulating Washington, DC politics in 2000. He took home the Oscar for best actor for his role in American Beauty. The film also won the Oscar for best picture that year beating out The Sixth Sense, The Green Mile, The Cider House Rules and The Insider.

  • American boy band 'N Sync, circa 2000.
    Tim Roney—Getty Images

    NSYNC’s second studio album No Strings Attached was the best selling album of the year beating out Eminem’s The Marshall Mathers LP and Britney Spears’ Oops!…I Did It Again. We just wanted to show a picture of NSYNC…

  • Shaquille O'Neal #34 of the Los Angeles Lakers attempts a layup against Sam Perkins #14 of the Indiana Pacers during Game 6 of the 2000 NBA Finals on June 19, 2000 at the Staples Center in Los Angeles, California.
    Andrew D. Bernstein—NBAE/Getty Images

    … and also one of Shaquille O’Neal. At the top of the game in 2000, he lead the Los Angeles Lakers to the NBA Championship and was crowned MVP of the NBA finals.

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