Booking Holdings (formerly Priceline) Message Board

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Technology Stocks : Booking Holdings (formerly Priceline)

BKNG 5,382

-0.8%

12:22 PM EST

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To: JOHN CHEN who wrote (26)	2/26/1999 12:01:00 PM
From: Infowarrior	Read Replies (1) of 2743

"Wall Street Journal reports that only 10% of the bids result in a sale." The WSJ article reminds us that the company is in it's early stages of growth, not necessarily that it's not going to be successful. I think the 10% statistic says to me there are Morons out there who think just because they bid $50, they should be able to fly to europe round trip. So is this a condemnation of Priceline, or the "something for nothing" mentality that is pervasive on the 'net? I'll assume the latter. "If you think this is a sound business model, think again." You know, a comment like that based on a single article drives me batty. I'd respect it more if it were based on more evidence. But it represents "shoot from the hip" analysis that is prevalant with many posters. I thought about it again, and yes it can be an extremely sound business model. 10% can still be a huge revenue stream in the internet, it just depends on what the 10% is based on. Curious. Does anyone lament the fact that Amazon only closes business with 5% of the users hitting their site?

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