from Hacker News

I Am Long on Netscape (1999)

by ferdowsi on 5/17/22, 11:57 AM with 20 comments

  • by thiscatis on 5/17/22, 12:17 PM

    > I read a report some whare (sic), and the person said that the people who control the browser will have the power in the future.

    They weren't wrong.

  • by Bubble_Pop_22 on 5/17/22, 1:02 PM

    "You know your so very right. Netscape should be worth 50 billion"

    50bn = 88bn today. The size of Volkswagen, the largest vehicle manufacturer in the world.

    It's really incredible how years go by but the things you hear spewed out with absolute certanety during manias are always the same.

  • by Bubble_Pop_22 on 5/17/22, 12:29 PM

    Delusions and hopium.

    People were never gonna pay for a browser, it turned out to be the modern day equivalent of the turnstile to access DisneyLand.

    Sure it's needed and it has to be installed for security purposes, but nobody is enthusiastic about the turnstile when they go to DisneyLand.

  • by bionsystem on 5/17/22, 2:10 PM

    A close pitch from recent times is Zoom. Yes, people will still video-communicate for as long as humanity exists. Doesn't mean the share price (down over 80% from its highs) will go up.

  • by nonameiguess on 5/17/22, 1:37 PM

    Same post says this person was also long Amazon. Up 3600% or so since Jan 1999. Reminder that the purpose of making lots of bets is you know you're not going to be right on all of them.

  • by coldtea on 5/17/22, 3:06 PM

    > By the way, how did you access this site? Was it NETSCAPE?

    Not even close.

  • by mproud on 5/17/22, 2:10 PM

    Also long AMZN.