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To: Glenn D. Rudolph who wrote (92739)2/2/2000 1:14:00 AM
From: Bearded One  Read Replies (2) | Respond to of 164684
 
I agree. Actually, this deal shows how the internet companies work together to scam the public.

Basically, Living.com hopes to go public based on their relationship with Amazon. They'll take the money from the IPO and use it to pay back Amazon. Amazon then would get to report that the deal 'worked.'

Of course, it's a shell game. The money is coming from investors, not from customers. It's just that it's coming from Living.com investors, not Amazon investors. And yes, it makes a difference because once the money runs out, it won't be renewed.

In toto, this is another way for unprofitable internet companies to pass around investor money and pretend that it's revenues.