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Between 19, the percentage of households in the United States owning computers increased from 15% to 35%.
As a result of the rapidly-increasing usage of the Internet, many investors were eager to invest, at any valuation, in any company that had one of the Internet-related prefixes or a ".com" suffix in its name, leading to a stock market bubble.
Upon the launch of a new product or website, a company would organize an expensive event called a dot com party.
Telecommunications equipment providers, convinced that the future economy would require ubiquitous broadband access, went deeply into debt to improve their networks with high-speed equipment and fiber optic cables.
The low interest rates of 1998–99 helped increase the availability of funding.