I picked up the story again in the summer of 1999, when I wrote Arithmetic in a Bubble . I launched the Internet Bubble Monitor at the end of that year. Well before the market peaked in March of 2000, I suggested to author Gary Rivlin that he do a book on the Internet Bubble, with an eye toward demythologizing venture capitalists, who then were riding high. Rivlin passed on the idea, but that would-be title summarizes my view of the history of the Internet Bubble. You know things are bad when. . .
Somebody starts a fundraising chain letter for Internet stocks .
Some mistakes have been made. But this budding industry still needs your support. Remember your positive Internet experiences then, on April 3, buy 10 shares in a company you admire. Your participation will send a signal to Wall Street that Netizens will not abandon their favorite medium. Lowering the estimates for Yahoo was not unexpected.