In March 2000, the internet boom created a generation of millionaires that would lose their fortunes as soon as they made them
On Friday March 10, 2000, the Nasdaq composite closed at 5,048.62. The tech-heavy index had risen 24pc in the first 10 weeks of the new millennium, notching 16 record highs in the process.
Investors were giddy at the prospects for the “new economy”, distinct from the stale industrials of the previous era (the Dow Jones had peaked 10 months earlier).