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Technology Stocks : America On-Line: will it survive ...?
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To: jack rand who wrote (9450)4/9/1998 9:39:00 AM
From: The Duke  Read Replies (1) of 13594
 
The real farce in all of this is that most of the advertising revenue that these internet companies are getting comes from internet companies. This money in turn comes from stock prices. If you take all of the internet companies combined and figured out the net earnings for the group, counting only money that comes from end user customers, or from non internet companies that have real earnings of their own, then i guarantee the group as a whole continues to be in the red. Untill this changes then the whole things is an extremely elaborate pyramid scheme where even the earnings are coming from 'greater fools' or in the lingo of the thread 'bigger idiots.'
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