The Dot-Com Bubble Collapse was a precedent of the Dot-Com bubble, which was characterized by the equity markets that had grown exponentially with the technology-dominated Nasdaq index rising from under 1,000 to more than 5,000. The bubble ultimately burst in a spectacular fashion, leaving many investors facing steep losses and several internet companies going bust, with Nasdaq dropping to almost 77%. In 2001 and through 2002 the bubble burst, with equities entering a bear market. By the end of 2001, most dotcom stocks had gone bust. Companies that famously survived the bubble include Amazon, eBay, and Priceline.