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Home » Archive » 2002 » June » 05 » The Internet bubble as pyramid scheme

When the bubble burst, research analysts like me got a lot of heat for playing such a central role in the Internet Bubble. I didn't mind the heat--but for a long time, I didn't understand how the bubble had worked... and that really bothered me.

Where did all the money come from? I struggled with this question for a long time... And then it hit me: the Internet Bubble was a pyramid scheme.

Excellent article.

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Wednesday, June 5, 2002

The Internet bubble as pyramid scheme

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