The company is launched, sucks in money from the public, then the creators sell their holdings and do one, leaving Joe Public without a penny for his investment. Although it was massively over subscribed, those with shares are losing money. As well as all the new companies on the net, virtually every big service and retail company are now developing there own web sites to sell goods. All the supermarket groups, Tesco, Sainsbury, Asda, etc. are on the bandwagon. Tesco s site is valued at 12 billion, based on a similar site in America.
Strange things happen on the net.
Naturally all the financial institutions are also setting up on line banking. The view is that this side of the business will grow whilst the traditional side will carry on shrinking. In fact the ubiquitous call centres may become victims of the on line revolution. In Britain the retail section is a long way behind the U.S.A. Obviously buying from big name supermarkets is no problem, but we Brits are distrustful of firms we ve never heard of. A great deal of effort is being made to make the net secure so we can all enjoy the revolution.