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In 1999, during the frenzy of the dot com bubble, practically every company built a website, and any company that added “.com” to their name soared in value. One 2001 study in The Journal of Finance found that companies that added “.com,” “.net,” or “Internet” to their name saw their stock prices increase 74% in the days following the name change.
Packy McCormick • Nifty Corporates
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Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
In Stunning Speech, Peter Thiel Blasts Buffett, Dimon, & Fink As "Finance Gerontocracy"; Sees Bitcoin Rising 100-Fold
ZeroHedgezerohedge.com
Mario Stoev
@mariostoev-359a
Tyler Lastovich
@tyler
The real villain here is Google.
Google found one of the very best business models of all time, skimming all the surplus profit off of the entire free open internet.
This is the natural end state of that process.
Graham: One of the big things we got wrong was that we thought our users were going to be catalog companies. Now all the catalog companies are online, but back then, they just didn't want to hear about the Web. This was late '95, early '96. A lot of people didn't even have web access yet. So these middle managers at the catalog companies we called
... See moreJessica Livingston • Founders at Work: Stories of Startups' Early Days
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Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
Doug Toft
@dougtoft