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I've cleaned up my comment for clarity's sake, but I basically argue that we might be seeing the same phenomenon again with online advertising.
by achompas 16y ago
I've cleaned up my comment for clarity's sake, but I basically argue that we might be seeing the same phenomenon again with online advertising.
- jhamburger 16y agoWhat Damoncali is saying is that the hysteria wasn't focused on particular companies or business models really, it was that people believed we were in the middle of a one of a kind economic paradigm shift rendering valuation concepts like 'profitability' obsolete. "[There is] an increasing conceptualization of our Gross Domestic Product – the substitution, in effect, of ideas for physical value." -Alan Greenspan When you start hearing quotes like that from people in charge, then you know we're really in big trouble.
- achompas 16y agoSorry, you both make great points. What's the context surrounding that Greenspan quote, though?