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To: KeepItSimple who wrote (52081)4/21/1999 5:03:00 PM
From: Greater Fool  Respond to of 164684
 
>> This is the first "industry" that I recall being born almost entirely in the equity markets.

I don't see what the problem is with this.

Something else: this mania, such as it has been called, is incredibly stimulating to innovation and new company formation. If indeed there are any ways for a company to make money on the internet, the companies being formed now and now being traded will figure it out. So maybe this mania isn't such a bad thing if it pushes innovation really hard.