The Fake Economy -- A Case Study
from the how-things-look-in-retrospect dept
A few weeks ago we had a story that was an excerpt from the new book about AOL during their rise called, Stealing Time. Now, the San Jose Mercury News has their own review of the book, calling it a "Case study" (pun intended) of the "fake economy" and proceeds to talk about how the book shows the fundamental flaws behind AOL's strategies and the whole "dot com era" that came crashing down. Now, the excerpt is fascinating, and I'll probably get around to reading the full book. However, I don't buy the idea that AOL was brought down by "the end of the internet era" or that the "new economy" was the "fake economy". AOL was brought down by bad execution and bad management decisions, not by any fundamental flaw in the internet economy.
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The new economy was fake
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The Fake Economy -- A Case Study
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