I guess you weren't around (or of age) during the dot.com bubble. Any company with dot.com in the name could go public and skyrocket regardless of actual business. There were some real businesses that actually survived and thrived (a certain bookseller being one of them - though IIRC they actually went public later on).
I wasn't of age yet, but I understand what you're saying. I think it's a great example for the crypto market as a whole, with certain coins as useless as a dot com company doing no business. At least with those companies, owning a share gave the illusion of value in owning something with (somewhat) limited quantity. Some crypto offerings are exactly the same. However, Doge is limitless. It's a useless dot com company issuing unlimited new shares every day, with no end in sight. It's bottled air, hold the bottle.