Feeds

Bookstore takes a pop at Amazon’s share price

Aims to burst over-inflated Web stock bubble

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Investors who think they know a thing or two about playing the stock market are being given the chance to speculate about Amazon.com's future performance without being exposed to an ounce of risk. Specialist online financial book retailer Global Investor Bookshop, wants people to predict what the share price of Amazon.com will be on 30 April 1999 as part of its 1999 Hot-Air Challenge. First prize is a balloon flight with a champagne breakfast, plus $1,000 worth of investment tools. One hundred runners-up will receive a copy of Extraordinary Popular Delusions and the Madness of Crowds, by Charles Mackay, and a bright red panic button for their computer keyboard. "Extraordinary Popular Delusions is the definitive work on money manias written in 1841," said Philip Jenks, director of Global Investor Bookshop. "It narrates popular obsessions from Tulipomania to the South Sea Bubble, and provides invaluable lessons for investors bewildered by the current detachment of Internet stock prices from conventional investment valuations." The panic button comes with a peel-off sticky back and is completely functionless but, said Jenks, it's there for investors if they get caught out when the inevitable correction in net stock prices happens. With his tongue firmly wedged in his cheek Jenks said: "Of course this is just a gentle dig at a competitor but the prizes are very real, and we hope that our clients have fun playing the game." Last year Amazon's losses topped an impressive $124 million while its share price has climbed from $13 a year ago to a peak of $199 in January 1999 before falling back to below $90. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.