Word: coms
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...wake of the dot-com bubble-burst, in which it became apparent that most of those instant-celebrity analysts - and the Internet stocks they blessed with hundred-dollar price targets - had been full of hot air, Wall Street found itself staring down the barrel of congressional scrutiny and decided to polish its own image...
...comes out of analysts' mouths - especially the digestible version that most of us deal with - is drivel anyway. Like the ratings system - "Sell" ratings make up less than 2% of all ratings, with ratings like "hold," "neutral," or "market perform" standing in for the s-word. And the dot-com bust routinely saw stocks fall as much as 90% from their high before analysts removed their "buy" ratings...
...know how society decides what things cost. I have no idea why dvd players are so cheap and house paint costs so much. Salt used to be worth a lot of money. So did Amazon. com. It all has to do with an invisible hand, which sounds like something I was pretty sure I was going to get away with when I went to see a movie with Jackie Tudor in eighth grade but actually explains capitalism. My failure with Jackie is best explained by the foolish choice of Beverly Hills Cop II instead of Dirty Dancing...
...selling business today, you need only have sat in Radio City Music Hall Monday afternoon and listened to NBC Entertainment President (and former "Today" producer) Jeff Zucker explain what "good times" these are for the TV-ad-selling business. In 1999 and 2000 - those halcyon, bounteous days when dot-com pioneers bestrode the land like giants, tossing multi-million-dollar ad buys to networks like parade marshals tossing penny candy to children - NBC was strong and rich and could laugh at itself. Its upfront presentations were like Friars roasts, with Triumph the Insult Comic Dog (of Conan O'Brien fame...
...were not only expected but welcome. Kozmo was yet another dotcom, in the ignominious tradition of Pets.com, eToys.com, and ifilm.com, that thought it could make more of a business out of the web than was really possible. Investors are now loathe to touch any stock whose name ends in .com, and the prevailing opinion is that such failures have been a cathartic experience for the technology industry. In a few years, the industry will be healthy and robust again, precisely because no one is wasting time and money founding companies with names like BBQ.com...