February 11, 2004

Bubble Times Are Back Again

"We are on our way into a new bubble, and bubbles eventually get pricked, to me that is certain. Two other consequences are also certain.

One: Internet growth, and e-commerce, and advertising great future is guaranteed. Absolutely guaranteed.

Secondly: This growth will also produce an endless number of brainless ideas, short-term greed, ridiculous valuations, investor speculation and craziness and all the other lovely horrors we've so quickly forgotten."
- Barry Diller, CEO InterActive Corp

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