Some more differences between Nasdaq of 1999 and today's from ca.finance.yahoo.com You should read the whole article, here are some excerpts:
The number of domestic U.S. stocks has nearly halved from its 1998 peak to about 3,700 today, with much of the decline driven by disappearing micro-caps. In the nine years through 1998, there were 3,614 initial public offerings, compared to just 2,093 in the same period through 2019.
At the height of the dot-com bubble, the median age of a firm going public was five years-old. It’s been double that for most of the past decade, according to data compiled by Jay Ritter at the University of Florida.
That suggests the kind of fledgling tech companies that imploded in the dot-com era now tend to stay private for longer, and the ones that do go public are usually more mature.
And back then, debt was a bigger burden. Around the time firms found themselves hurriedly removing “dot-com” from their names, the Federal Reserve was raising rates. Now, borrowing costs are nearly zero and look likely to stay there for a while. |
