> Well, now after spending $4.6 billion on Geocities, I imagine they're going
> to be working even harder trying to figure out how to plug the hole in the
> dike since Geocities lost some $19 million last year.
>
> I'm still scratching my head trying to figure out how money-losing
> companies can be worth so much money on the stock market. I can see it with
Don't you know? They make it up through Volume! PR volume, stock
volume, etc.
> space... I just don't get it. Perhaps I have had the notion that businesses
> need to make a profit drilled too firmly into my head.
Well, it depends. Look at my web crappy 1995 style web site. The
whole concept of running it has lost money from about the third month on.
I make up for it by volume too, Volume of related endeavors, using the
site to show that I know how to write the occasional web page, program
computers, etc. As a primary business, it is a bust! As a proof of
experience and an attractor of other business activity, (and a front for
other endeavors,) it is good advertising. (Would be even better if I
reamed out the linkrot...)
> Interesting view came from US Federal Reserve Chairman Greenspan last week,
> who optimistically sees the current Internet stock market craze as a good
> thing, because it pumps money for business development into new businesses
> before they've had an opportunity to make any money on their own. He
> likened it to a stock market lottery where the vast majority will be
> losers, but one or two will strike it rich big time.
Hmmm... Sort of like sending out a lot of scouts to see where the
future will be, then going in the direction of those who come back...
Somehow, I wonder if there is a better way... then again, it is one
of the ways we have for voting for the kind of future we want, by hiring
people who claim they can build it for us. When you look at it from that
point of view, it does not look that bad.
Remember, the entire computer revolution was poo pood by the major
corporations for nearly seven years before IBM's marketing boys finally
got off their duff and declared it possible. (Their technical folks had
produced several potential personal computers since the mid 70's, all shot
down by upper management. And as I hear it, upper management nearly shut
down the PC, too.)
It is the poorly funded crazies that show us the future.
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