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The year 2000 problem, or "Y2K bug" was a flaw in computer programs that represented calendar years with only the last two digits instead of four, causing misreads and malfunctions at the turn of the millennium. Finance

What does Y2K mean?

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The Year 2000 problem, also known as the Y2K problem, was a computer bug that could have caused many computers to malfunction on January 1, 2000. This bug was due to how many computers stored dates- with only the last two digits of the year.