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October 27, 2005
More tulip bulbs
In a CBROnline.com article about the base.google.com thing, whatever that was, I read:
Just days before the partial launch, when Base was still in rumor form, eBay's market capitalization lost about $2bn. The company got lucky - Microsoft lost $5.6bn of market cap due to speculation about a non-existent Google service earlier in October.
I want to be able to whip that out the next time someone argues investors are rational.
Posted by Mark at October 27, 2005 01:41 PM
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