Overheard on the Web, and other Web links From The Herald's Research Editor
Tuesday, March 08, 2005
An Internet bubble
Wonderful series of stories in the Seattle Times, Dot-Con Job, about how a company called InfoSpace made a paper fortune on the Internet, and left investors broke. The biggest company in the Northwest for a while, its executives spent fortunes on homes, cars and toys, and eventually ran it into the ground.
When the game was up, the investors took a beating. Stock worth $1,000 in March 2000 was worth only $2.67 by June 2002. The company once worth more than Boeing fell to the value of two Boeing 777s.
(InfoSpace is still around, with new management and a modest collection of phone number and Web searches, a useful search tool.) (Via Dan Gillmor, who says this makes him angry.) posted by liz at 11:38 AM
Elisabeth (Liz) Donovan was a Herald librarian for 10 years, and Research Editor for 13 years. She came to The Herald in 1981, following several years at the
Washington Post. She started blogging in 2000, with a news research blog, followed by the blog at Herald.com in 2003. A frequent speaker and writer on news research, she was honored in 2004 by the
News Division of the Special Libraries Association for her contributions to
the field.
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