Dot Coms Making Money?

The Market

from the hell-freezing-over? dept

No, it’s true, it’s true. Here and there, a few random dot com companies are actually reporting profits (which is not quite the same thing as actually making money). I wouldn’t break out the 1999 party hats just yet, though. The companies, of course, claim they’ve turned the corner, and have gotten down to real business principles after the excesses of the late 90s. However, I don’t trust a single quarter of “profitability” to mean anything, as it’s often just accounting tricks (or, worse, simply the result of a ton of cost cutting, making the actual business not particularly sustainable). Either way, though, there are some dot coms reporting profits. I hear that the weather report in Hell is calling for a sudden cold front…