I was pretty young when that crash happened but lived in Palo Alto during that time period and knew a few unlucky souls that succumbed to layoffs that were ever

I was pretty young when that crash happened but lived in Palo Alto during that time period and knew a few unlucky souls that succumbed to layoffs that were everywhere. It was absolutley brutal to put it mildly, the exodus out of the bay area was so bad you could not even rent a uhaul truck as they had all been snatched up by people leaving. I remember stories of some people declaring bankruptcy on stock options that were worthless and owed the govt millions that they could never pay. Or other stories of engineers who at the time "foolishly cashed out"(why would you sell your shares when stocks keep going up!) and got lucky. For the survivors it left mental scars and a decent number of people left tech altogether as the experience was so bad. But it was mainly confined to tech so this drop seems similar, one huge difference was a majority of tech companies back then were not profitable and never would be, banking on "page views" as the golden metric which to rate a company, contrast this to today where many tech companies are printing cash and extremely profitable. So somewhat different and somewhat the same.