By April, just one month after peaking, the Nasdaq had lost 34.2% of its value.48 Over the next year and a half, the number of companies that saw the value of their stock drop by 80% or more was in the hundreds. By August of 2001, eTrade was down 84% from its all-time high. SportsLine was down 99% (trading at 91 cents). And for most, no recovery ever came, even for the biggest names. Priceline had cratered 94%. Yahoo was down 97%, from an all-time high of $432 per share to $11.86 on August 31, 2001, its market cap down to $6.7 billion from $93 billion. That $1,000 put into Amazon’s IPO, which
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