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To: 10K a day who wrote (105694)6/29/2000 8:12:00 PM
From: Sarmad Y. Hermiz  Respond to of 164684
 
>> Valley Media lays off 170 employees

I think there you see the socially destructive face of scams like Amazon. Amazon tries to corner the market with a price war funded by the new economy speculators. Which distorts the market and leaves destruction in its wake.

Hopefully Amazon will burn their remaining billion in a year or two, and clear the field for others trying to run an honest business. I think that the lesson of amazon will probably discourage others from funding this particular type of pyramid scheme for a while. Though I am sure fools will find many ways to be fleeced.