Re: Party down 30% on weak earnings projections...hmmmmmm???
Yeah, look, were you around in the 90s? The whol Internet bubble thing? The expansion eventually drops out, and while the industry isn't demolished, it is more competitive for thoese who choose to stay in the game. It is harder to profit, and the margins drop quickly. That leads to a lot of people getting out.
I'm not saying online poker is dead, but there are only going to be so many new entrants in years to come, and those that stick around will be better.
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