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Old 04-02-2001, 05:42 PM   #1
Czar

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Unhappy "Back the Net" Day is Here!

Hi all,

For those of you who have yet to hear, Iconocast has been pushing a series of events aimed at breathing some life back into the online economy. This movement, dubbed "Back the Net" is set to take place on April 3rd; the one-year anniversary of the tech slide.

The central push is for as many net users as possible to make an online purchase of a product, commercial service or stock in a tech company on April 3rd in order to show the Street, and the world, that the commercial Net is no passing fad.

Read more here:
http://www.iconocast.com/crusade/index.html



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Old 04-02-2001, 06:44 PM   #2
infinite2001
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Does a purchase made yesterday count? http://geekvillage.com/ubb/smile.gif

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Old 04-02-2001, 07:31 PM   #3
Czar

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Smile

Why not?

As long as you're doing your bit to support the Net. http://geekvillage.com/ubb/wink.gif

Oh, and I forgot to mention above that charitable donations made online are also valid as part of the Back the Net plan.
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Old 04-02-2001, 08:06 PM   #4
RK
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Arrow

Fcompany has a different opinion:
http://www.f---edcompany.com/archive...20the%20Net%22

"The reason these companies are failing is not because of "lack of confidence in our marketplace." It’s because many of these companies give **** away for free and burn millions of dollars per month.

"Lack of confidence" does not "threaten the very technology" that is the internet.

Is this the last resort for companies with poor business models – to beg people to buy **** from them? And threaten users by saying that the internet is going to disappear if these ****py companies -- and the ones that rely on them -- die?

The deli across the street from me has never begged me to buy anything from them, and they’ve been around for 15 years. They offer *useful products* and actually charge *money* for them.

I'm not saying that all Internet companies deserve to die -- certainly there are some good companies that are hurt by the ****head idiot companies with the "we have no revenue plan and burn $10MM/month" business models. HOWEVER, this has nothing to do with consumer confidence."


what do you think?


[This message has been edited by RK (edited 04-02-2001).]
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Old 04-02-2001, 08:31 PM   #5
Czar

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That's very true. But I don't think the purpose of Back the Net is to inflate companies that have poor management or useless business plans. It was designed to raise investor and consumer confidence in e-commerce.

The small boost provided by this action will not save those companies who are burning cash uncontrollably, nor will it provide long-term solutions to those whose revenue models depend solely on sketchy audience acquisition/advertising support models, such as the free ISPs and pay-to-surf companies (havaloc excepted, of course).

Consumer and investor sentiment is largely based on psychological factors, rather than fact. You don't need to look any further than the irrational exuberance of 98-99 for a prime example of this. Still, just as share markets can move upwards on dreams, it can crash lower than reality demands - and some companies are being unfairly punished by consumers and the market alike simply because their name ends in "dotcom".

This is the reason why many promising net companies have postponed their IPOs lately; not because they have poor business models...not because net use is falling...but because any mention of the internet within investment circles is met with caution at the very least, and fear (or laughs) at the most.

There have been many failures. There will be more failures in the future. Still, good companies should not be punished along with the bad.

Let's be real, "Back the Net" is not going to change the world or cause a dramatic shift in the markets, but its psychological effect may trigger a gradual return to prosperity for the online economy.


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Old 04-02-2001, 09:43 PM   #6
Kaycee
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After a rampage of unethical business practices, when people finally wake up and demand something for their money, and for that something to be delivered to them in a timely manner, we call it a recession.

People continue to window shop on the net, just as before. They're just not so fast at whipping out the credit card now, and for good reason.

I don't understand all the speculation about when things will get better without admitting and confronting the real reasons why things have slowed down.


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Old 04-03-2001, 01:32 AM   #7
WildComputer
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Considering how many dot coms there are which spend $2 to generate/process/deliver $1 of sales, if consumers actually did this, a few companies would burn out even sooner!

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Old 04-03-2001, 04:32 AM   #8
Czar

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lol. http://geekvillage.com/ubb/smile.gif Well, the one upside about that is that it would expediate the death of those who are still operating under poorly designed business models, while increasing the market share of those who actually work on positive margins.
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Old 04-03-2001, 04:42 PM   #9
OC
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ROFL, WildComputer!

Funniest input I've read anywhere regarding Back The Net Day....
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