The dot com bubble had rapid increases in market caps of internet companies where not just mum and dads but institutional placements poured massive amounts of hard earned in to these tech start up companies from 1997.
As most internet companies generated zero profit the usual investment evaluations were useless. Investors then relied on revenue growth numbers or at a latter stage of the bubble they relied on visitors to website numbers, such as Citi and other institutions basing decisions now on mobile app and website visits to zip.co
Exactly the same scenario fast forward 20 odd years with many Superhero mum and dads and even novice high profile institutions on a lack of understanding and experience in the tech sector contributed to these massive overvaluations and now the inevitable downfall once again
it's all over!!!!, page-420
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Last
$1.72 |
Change
-0.040(2.27%) |
Mkt cap ! $1.937B | |||
| Open | High | Low | Value | Volume |
| $1.80 | $1.83 | $1.70 | $26.91M | 15.42M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5000 | $1.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.73 | 15000 | 2 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |