Jan
30
Random Historicisms, from Stefan Jovanovich
January 30, 2012 |
The last time free stuff on the internet attracted so much capital was in 1995-6 when Excite, Lycos, Netscape, Yahoo et. al. went public. The last time information was "hot" was the mid-1960s when the New York Times and everyone else who put ink to paper had their IPOs. In retrospect, neither time was a profitable one for the people who held on to the stocks. The message of the media was very much buy short-term, sell long-term.
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