SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Tulipomania Blowoff Contest: Why and When will it end?
YHOO 52.580.0%Jun 26 5:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Cheeky Kid who wrote (2310)12/27/1999 1:02:00 PM
From: Bearded One  Read Replies (2) of 3543
 
Guess what-- Internet companies have, so far, proved to be losers. Amazon loses money, Inktomi loses money, CNet loses money, Lycos loses money, At Home loses money, and Yahoo makes a few pennies a year. ISPs like AOL make money, but that's the only subsector that does so.

Internet *stocks* have proven to be winners, but that just means that people are willing to pay lots of money for losers. Well, Arnold Schwarzenegger commands 20 mill per picture but that didn't make his latest movie worth producing.

Have people made money on internet stocks? Until the trades are settled and people try to actually spend the money, no they haven't. So far the trades are unsettled to the tune of hundreds of billions of dollars. And either the internet stocks will come through with stock buybacks or dividends, or people will eventually realize that they gave people like Jeff Bezos money to piss away on the advice of Henry Blodgett.

Have you made money on internet stocks? Really? Have you sold your positions and gotten the cash yet? Didn't think so. Jeff Bezos has, to the extent allowed by law and publicity. So has Steve Case. As have the insiders in Inktomi have. And Lycos. And Excite/AtHome. And Cnet.

When bubbles pop, there's nothing left.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News