Wednesday, February 23, 2005

Internet Bubble Part Deux.

Peter Thiel founded and sold it to Ebay (note "to Ebay", not "on Ebay") a few years ago for some very good money. So he's an Internet guy who made money and actually kept it.

He's quite a skeptic about Internet stocks now as he thinks we're in a second Internet bubble, and he recommended shorting Internet stocks at the start of the year. In addition, he thinks that Google is taking the "King of the Internet Stocks" title from Ebay, and so he is a little more positive on Google than things like Ebay, Yahoo, Amazon, et. all.

Read more here.


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