Word: moneys
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Dates: during 1990-1999
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...last forever," says Intel chairman Andy Grove, whose company owns 8.6% of CMGI. "The Web world has one set of rules and the rest of the world has another." In other words, something's got to give. Last week some of CMGI's investors took their money off the table, and CMGI traded as low as $185 before bargain hunters--and only in the Net world is $200 a share a bargain--drove it back up. It finished the week...
...growth is incredibly viral," says Wetherell, using one of his favorite words. "Online companies tend to grow along Metcalfe's Law. We have companies growing at a rate of 1% a day. The Internet is growing at a rate of 3% a day. If you can't make money in this business, then you might as well go pick oranges...
...real, says Diller. "There has been an enormous amount of arrogance, of easy money made by people who are extraordinarily arrogant about the real world and how difficult it is to build and sustain a business," he says. He likens Internet companies to "slot machines that pay off again and again. If I was an investor, I'd be corrupted by it to some degree as well...
...jocks and the people who wore Abercrombie & Fitch clothes. But it would be hard to say they singled them out, because everybody here looks like that. I mean, we're in white suburbia. Our school's wealthy. Go into the parking lot and see the cars. These kids have money. But I never thought they'd do this...
...science literature is filled with the gritty details--categorized under headings like "the spiral of rejection." Patti and Peter Adler, sociologists who do field research on cliques, found that a 17-year-old girl in one group they observed could raise her status by getting a boy to spend money on her and break up with another girl for her--and then dump him. Another clique member told a researcher that "one of the main things to do is to keep picking on unpopular kids because it's just...