Quote:
Originally posted by EscortBiz
I said a few months ago the internet bubble is coming back might be a smaller version but it will still be a bubble where people will lose their pants all over again.
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Agreed, I think the thing most analysts & investors are missing is that there are no Barriers to Entry on the Web. Competitors can pop-up, copy your idea (or improve it), and catch on like wildfire all from the comfort of a basement or garage.
What does Google have that justifies a PE of 225?
Were they first to market with a 17 year patent on their product?
Where is their unique business proposition? They've already got competition in every segment of their business.
Google isn't going to corner the market on Web traffic or ad revenue, they're just going to be hot for a while until the competition catches up and shares in the profits.
Shopping.com? I don't know much about the company but I do know that a company by the name of
Shelron has released a beta version of
ActiveShopper, comparative shopping software that claims to provide the same service as Shopping.com but runs in the background while you surf.