How I Destroyed The New Economy

Failures

from the the-curse-of-CMGI dept

Not quite like any other “and this is how the new economy failed” stories you’ll ever read, Salon is publishing the story of a writer who, to make some extra cash, took a job as a construction worker on David Wetherell’s house during the height of the boom. David Wetherell, of course, was the “genius” behind CMGI, one of the biggest bubbles in the bubble economy. According to rumors that were flying around at the time, the house was actually built on an old native American burial ground, which may have lead to the downfall of the entire new economy (with some artistic license). There are some amusing bits, though, with the various construction workers discussing how they were making more money off of CMGI stock than working on the house.