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Technology Stocks : eBay - Superb Internet Business Model

EBAY 80.84

-0.2%

Nov 6 3:59 PM EST

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To: Doug Fowler who wrote (2229)	3/13/1999 11:52:00 AM
From: Buster O. Hype	Read Replies (1) of 7772

Doug, you don't just throw GDP numbers out of the window because they gauge economic activity. The internet is a new medium for economic activity but it didn't suddenly put billions of dollars more in the pockets of consumers. As a new medium, it will have phenomenal growth rate but that doesn't mean Wallmart will be dead soon. That doesn't mean traditional auctions will be dead soon. You are also ignoring another fundamental aspect of economics. If the internet is going to do away with a lot of people's livelihoods, its going to hurt the same consumers it is trying to target. If the used car salesman couldn't make money, if the mall salesperson couldn't make money, if the real estate realtors couldn't make money because of the Yahoo's, Amazon's, Ebays, then where is this great growth you're talking about going to come, from traders buying internet stocks, right ????

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