Yahoo, eBay Leading the eWay Back to Net Stock Dreamland
Here's another article on the resurgence of Net companies, especially focusing on the boost their stocks are getting thanks to some rosy earnings reports. The AP, via, CNN writes that eBay now has a market capitalization bigger than that of General Motors (again?). How silly. It's truly amazing how dumb Wall Street is sometimes. But... perhaps the "discredited" idea of the "virtuality" of Net companies creating incredible profits is finally coming true, like many predicted in the late '90s (read: the New Economy concept).
Once again, it's refreshing to read yet another positive reminder that many Internet companies are poised to come back and remain fixtures for a long time to come. Of course, not all of the fallen stars will come back to life, but there have been enough success stories to make one believe that this time, Net cos. are finally going to capitalize on the frictionless environment of the Net and do things never before dreamt.
Posted by Cory Kleinschmidt
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