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One commentator remarked, looking back, that the sign that the bull market is at the top is when deals happen that are outrageous even by the standards of the t
by blippage 5y ago
One commentator remarked, looking back, that the sign that the bull market is at the top is when deals happen that are outrageous even by the standards of the time.
The AOL/Time Warner merger is one example, although there would have been others. There's a general sense of euphoria, and even through the adrenaline rush, people are still in awe at the audacity of corporate actions.
In the UK, there was a short series called "Who wants to be an Internet Millionaire", an obvious word-play on the game show "Who wants to be an Millionaire". In it, start-ups pitched their internet ideas, Dragon's Den style (except the investors weren't up themselves).
I also remember Lastminute.com. The amount of media coverage that has was ridiculous, and seemed to centre around the fact that one of the founders, Martha Lane Fox, was a woman.