I have always believed the Internet brand-monopoly - "get big fast and then get bigger" - was a misplaced ambition.


But then a strange thing happened. The big guys were losing so much money, instead of making money, who wanted to compete!


But if an Internet company actually makes money, the web is just too fluid and easy to enter for it to last for very long.


Let me reiterate this just once. Other people said Amazon would make a billion dollars. I said they'd get competed to death.


But then other people's assumptions - which my arguments were merely meant to extrapolate - fell flat themselves.


eLROY