this post was submitted on 19 Aug 2025
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Fuck AI

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[–] Jiggle_Physics@sh.itjust.works 13 points 4 weeks ago

The dotcom bubble destroyed a lot of retirement accounts people had no ability to choose the companies invested in as they were often generic, broad, investment portfolios. It also killed a lot of lower end white collar jobs, and damaged a lot of local government investments, leading to steep declines in those services. There are numerous other ways non-tech people were affected, but I don't feel like writing a bunch.

I am interested to know how old you were when that dotcom bubble popped, though.