obie7661
11-22-2006, 01:52 AM
Yes, it’s 1999 all over again. Web start-ups are cropping up with names like Bebo, Squidoo and Moblabber. Start-ups like YouTube, less than a year old and unprofitable, are being sold for $1.65 billion. And the business plan known as Free has returned. You know, “We lose money on every transaction, but we’ll make it up in volume.”
One of the most surprising participants in Web Bubble 2.0 is AOL, the company formerly known as America Online. On Aug. 2, it announced what might seem to be the craziest business plan yet: a 100 percent price reduction. The monthly membership fee dropped from $26 a month to ... nothing....
Link to complete article: http://www.nytimes.com/2006/11/16/technology/16pogue.html?pagewanted=1&ref=technology
One of the most surprising participants in Web Bubble 2.0 is AOL, the company formerly known as America Online. On Aug. 2, it announced what might seem to be the craziest business plan yet: a 100 percent price reduction. The monthly membership fee dropped from $26 a month to ... nothing....
Link to complete article: http://www.nytimes.com/2006/11/16/technology/16pogue.html?pagewanted=1&ref=technology