The founders of Webshots.com sold out to Excite@home in '99 for $82.5M, they just bought it back--for $2.4M. $6.7B Excite.com goes for $10M and Blue Mountain Greetings ($780M) goes for $35M. A billion here, a billion there and pretty soon we're talking more than pocket change.
Dot-Com Is Dot-Gone, and the Dream With It A New York Times article on the dot-com-crash. "Each day, the old idols seem to fade further into the dim past, barely recollected in a country where the languages of "revolution" and "warfare" are no longer just business metaphors. This is the next step after the bursting of the dot-com economic bubble — the bursting of the cultural bubble, the end of the nerd as a crossover hit, of the I.P.O. zillionaire as role model to college students." I agree that our country is in the beginning of a cultural revolution; starting with the dot-com crash last year and accelerating with 911. Am I alone or does anyone agree?
I'm not really sure if I feel for these people or not. A lean job market is no picnic, but c'mon, there are other jobs out there. Maybe it is some sort of divine retribution for these shelter denizens after spending months cutting people off while yapping on the cell-phone behind the wheel of the leased Porsche. Yes, that was a run-on sentence.