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To what degree were people predicting the fall of pets.com before it happened? Anyone remember? I think that's the key insight into how the fallout of a group
by tedsuo 14y ago
To what degree were people predicting the fall of pets.com before it happened? Anyone remember? I think that's the key insight into how the fallout of a groupon meltdown would affect the rest of the industry.
- mkr-hn 14y agoGood place to start: https://www.google.com/#q=pets.com+bubble&hl=en&prmd=imvns&sa=X&source=lnt&tbs=cdr:1%2Ccd_min%3A1%2F1%2F1998%2Ccd_max%3A12%2F31%2F2002 https://www.google.com/#q=pets.com+bubble&hl=en&prmd...
- MortenK 14y agoThat link lead me to a NY times article from december 2000 with the following paragraph describing the height of the 1999 bubble: "Even the most traditional brokers and investment banks set aside the notion that a company's stock price should reflect its profits and urged investors not to miss out on the gold rush." That sounds eerily similar to todays climate.