Word: stockings
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Dates: during 1990-1999
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...been quite an experience," says Jack Marshall, founder of Photoloft.com which moves pictures across the Net. His stock, traded on the NASDAQ bulletin board, is down 66%, to less than $3 a share. All 32 of his employees have stock options. The collapse "hasn't really hurt morale because business is so good, we all know we're here for the long term," he says. Still, at many Net firms, the early-year euphoria of optioned employees is gone. Net investors, many of them day-trading online, have had a comeuppance as well. Losses have driven thousands...
...stocks tumble? In retrospect, it seems clear that as they were hitting their highs, speculation had taken over. The average Net stock had risen 475% in the previous six months. Internet initial public offerings were routinely doubling and tripling on the first trade. A pullback was in order...
...will pass. And as promised, the Internet will develop into a grand global facilitator, making us more efficient at work and at play. Some Internet companies--maybe one in 20--will survive to see it, so their stock prices today are bargains. We just don't know which ones they...
...dot.com's been smashed! But don't cry for me--O.K., you probably aren't--I'll do fine. And so will the business. That's how this entrepreneur consoles himself when he looks at the stock performance of TheStreet.com a company that came public at $19 just a few months ago, roared to $70 on the first day of trading and now finds itself below the offering at about...
...unusual for the market to fall in love with a stock, seduce it and then abandon it. What is unusual is for this to happen faster than a college tryst. For TheStreet.com where I am the largest shareholder and a writer and director, the impact of the decline was more subtle than the fall was jolting. Right out of the box, investors gave us a big market cap--in essence, a club to beat up or buy up competitors. But then they took the club away before we could start swinging. We were looking brash and predator-like...