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Title: Dot.con: The Greatest Story Ever Sold by John Cassidy ISBN: 0-06-000880-6 Publisher: HarperCollins Pub. Date: 04 February, 2002 Format: Hardcover Volumes: 1 List Price(USD): $25.95 |
Average Customer Rating: 3.51 (35 reviews)
Rating: 5
Summary: An Instant Classic
Comment: New Yorker financial writer, John Cassidy, says it all in this brilliantly rendered, highly entertaining account of the biggest economic scandal of the last twenty-five years--Enron who?--the crash and burn of the relentlessly hyped dot.com sector. One part historic overview, two parts searing indictman of the financial-technological-media nexus, Dot.Con--as the Wall Street Journal said last week--will be read by generations of Wharton and Harvard B school grads still unborn. Not since John Kenneth Galbraith have we had a popular economist with this kind of reach--or depth. Bravo.
Rating: 4
Summary: Good if dry coverage of dot.com bust
Comment: There have been a lot of books about the crash of the high tech market. This is one of the best. The coverage is thorough if at times tedious. Cassidy makes an excellent case that the lack of a business model and the prevalent "greater fool" theory led to the demise of the Internet bubble. Too many pitched the idea that if their site captured just one percent of a [Hundred] billion-dollar market, than the firm would be a success. Only even one percent was a pipe dream, and perhaps a dozen firms had the same idea. And the "greater fool" theory suggests that even if the originators are wrong, somebody else will be foolish enough to buy them out.
Cassidy concludes his good work with a lengthy table of dot.com failures, a sobering story in itself. Perhaps it is so sobering that the life and exhuberance of the subject drained away. I found the last third of the book to be more of a continuous litany of mistakes and I lost much of my interest.
Rating: 3
Summary: Good book, but many details have already been told
Comment: Dot.con: The Greatest Story Ever Sold lacks the same level of insight and originality. For most readers who stay abreast of current events in technology and the Internet, there is not a lot of new information in the book. The Internet bubble crashed some years ago, so a book on the subject can't be expected to be too original.
The book details the anecdotes of such Internet personality as Jeff Bezos, Mary Meeker, James Cramer, Jeff Walker, and Henry Blodgett. Nonetheless, such stories have been detailed in numerous places numerous times.
Cassidy does provide some rather good insights of the personality and mindset of Alan Greenspan, and he does a great job of showing an economic overview of the atmosphere that helped create the Internet bubble and how it led to its ultimate demise. If anything, Cassidy's brief biography of Greenspan is a well-written defense of the Fed Chairman.
But for anyone who reads Forbes, Wired, or the New York Times on a regular basis, much of the details of Dot.con have already been told. This is proven in the book's bibliography, which references such periodicals numerous times.
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Title: F'd Companies: Spectacular Dot-Com Flameouts by Philip J. Kaplan ISBN: 0743228626 Publisher: Simon & Schuster Pub. Date: April, 2002 List Price(USD): $18.00 |
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Title: dot.bomb: My Days and Nights at an Internet Goliath by J. David Kuo ISBN: 0316507490 Publisher: Little Brown & Company Pub. Date: 15 October, 2001 List Price(USD): $25.95 |
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Title: Burn Rate: How I Survived the Gold Rush Years on the Internet by Michael Wolff ISBN: 0684856212 Publisher: Simon & Schuster Pub. Date: 15 June, 1999 List Price(USD): $14.00 |
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Title: Extravagance : A Novel by Gary Krist ISBN: 0767913302 Publisher: Broadway Pub. Date: 24 September, 2002 List Price(USD): $24.00 |
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Title: The Perfect Store: Inside eBay by Adam Cohen ISBN: 0316164933 Publisher: Back Bay Books Pub. Date: 03 June, 2003 List Price(USD): $15.95 |
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