In 1999 there was an email going round about how ridiculous dotcom valuations were. Taking Amazon, I think, as an example it said it would have to earn more than Kodak, Boeing, Caterpillar etc to ever be worth it's valuation.
There was a general sense of "it's just a bookstore".
Now I know everything is more mature and the situation is different, but I also remember feeling very confident that Amazon was waaay overvalued.
There was a general sense of "it's just a bookstore".
Now I know everything is more mature and the situation is different, but I also remember feeling very confident that Amazon was waaay overvalued.