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Tesla down another 10% today. Updated
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Don't Care... 
Karma comes to the ruthless, ignorant, a'holes---at least this one
The technology heavy NASDAQ Composite index peaked at 5,048.62 on March 10 (5,132.52 intraday) 2000, more than double its value just a year before.
Example of a meme stock crashout from then:
Boo.com spent fast and died young but its legacy shaped internet retailing
https://www.theguardian.com/technology/2005/may/16/media.business
Mon 16 May 2005 07.14 BST
Five years ago this week Britain's dotcom dream died, killed off by a Swedish poetry critic and a former Vogue model, as fashion "e-tailer" Boo.com became the country's first high-profile internet collapse. With it went more than £80m of cash from investors, including investment banks JP Morgan and Goldman Sachs, Bernard Arnault, chairman of luxury group LVMH at the time, and the Benetton family. Liquidators KPMG were called in on May 17, 2000.
The stories of lavish corporate lifestyles and lack of proper management control that emerged when Boo went boom became a familiar theme as a host of so-called business-to-consumer or B2C sites and other online start-ups went to the wall in the months following the e-commerce site's demise. Funding for internet ventures dried up as share prices plummeted and bankers tightened their belts in the wake of the tech-stock crash of spring 2000. Boo.com's high-profile founders, Ernst Malmsten and Kajsa Leander, found themselves blamed for the excesses of a generation of tie-less wannabes. "We were too soon and trying to do too much, but those were the times," admits Mr Malmsten, who now runs a London-based agency dealing with architects, fashion designers, graphic designers and other creative types, and prefers to stay away from the limelight.
Boo.com was founded in 1998 by Malmsten and his friend Ms Leander, a former model who wanted to create the premier online location where the cool and chic would be able to buy their clothes. They saw Boo.com not just as a site where pixillated shop assistant Ms Boo would help shoppers find the togs to match their temperament, but as a lifestyle destination. The two had been in nursery school together in Sweden and briefly at the same high school, and decided to go into business after meeting outside a Paris nightclub in their 20s. Having sold their first internet venture, an online bookstore, in the early days of the dotcom boom they moved to London and formed Boo.com.
They reckoned the business would need £20m, 30 people and three months to launch. When it did in October 1999 it employed 400 people in eight offices, with headquarters on Carnaby Street in London, and had already swallowed four times that initial expected investment. But everyone believed the story. Before Boo.com had sold a single item, Fortune magazine had proclaimed it one of Europe's coolest companies. When the site went live, however, the hype was not matched by visitors or, more importantly, sales. Although it had spent several million pounds on advertising, research by pollsters Mori just before Boo.com's collapse showed that only 13.2% of internet users were aware of the name and among non-users that fell to a mere 1.4%.
snip
from 2020:
Today, Kajsa Leander is a pomologist and has planted 3,000 apple trees on her farm in Småland.
Example of a meme stock crashout from then:
Boo.com
https://en.wikipedia.org/wiki/Boo.com
Boo.com was a short-lived British eCommerce business, founded in 1998 by Swedes Ernst Malmsten, Kajsa Leander and Patrik Hedelin, who were regarded as sophisticated Internet entrepreneurs in Europe by the investors because they had created an online bookstore named Bokus.com, the third largest book e-retailer (in 1997), before founding boo.com.
After several highly publicized delays, Boo.com launched in the autumn of 1999 selling branded fashion apparel over the Internet. The company spent $135 million of venture capital in just 18 months, and it was placed into receivership on 18 May 2000 and liquidated.
In June 2008, CNET hailed Boo.com as one of the greatest dot-com busts in history.
Ernst Malmsten wrote about the experience in a book called Boo Hoo: A dot.com Story from Concept to Catastrophe, published in 2001.
https://en.wikipedia.org/wiki/Boo.com
Boo.com was a short-lived British eCommerce business, founded in 1998 by Swedes Ernst Malmsten, Kajsa Leander and Patrik Hedelin, who were regarded as sophisticated Internet entrepreneurs in Europe by the investors because they had created an online bookstore named Bokus.com, the third largest book e-retailer (in 1997), before founding boo.com.
After several highly publicized delays, Boo.com launched in the autumn of 1999 selling branded fashion apparel over the Internet. The company spent $135 million of venture capital in just 18 months, and it was placed into receivership on 18 May 2000 and liquidated.
In June 2008, CNET hailed Boo.com as one of the greatest dot-com busts in history.
Ernst Malmsten wrote about the experience in a book called Boo Hoo: A dot.com Story from Concept to Catastrophe, published in 2001.
Boo.com spent fast and died young but its legacy shaped internet retailing
https://www.theguardian.com/technology/2005/may/16/media.business
Mon 16 May 2005 07.14 BST
Five years ago this week Britain's dotcom dream died, killed off by a Swedish poetry critic and a former Vogue model, as fashion "e-tailer" Boo.com became the country's first high-profile internet collapse. With it went more than £80m of cash from investors, including investment banks JP Morgan and Goldman Sachs, Bernard Arnault, chairman of luxury group LVMH at the time, and the Benetton family. Liquidators KPMG were called in on May 17, 2000.
The stories of lavish corporate lifestyles and lack of proper management control that emerged when Boo went boom became a familiar theme as a host of so-called business-to-consumer or B2C sites and other online start-ups went to the wall in the months following the e-commerce site's demise. Funding for internet ventures dried up as share prices plummeted and bankers tightened their belts in the wake of the tech-stock crash of spring 2000. Boo.com's high-profile founders, Ernst Malmsten and Kajsa Leander, found themselves blamed for the excesses of a generation of tie-less wannabes. "We were too soon and trying to do too much, but those were the times," admits Mr Malmsten, who now runs a London-based agency dealing with architects, fashion designers, graphic designers and other creative types, and prefers to stay away from the limelight.
Boo.com was founded in 1998 by Malmsten and his friend Ms Leander, a former model who wanted to create the premier online location where the cool and chic would be able to buy their clothes. They saw Boo.com not just as a site where pixillated shop assistant Ms Boo would help shoppers find the togs to match their temperament, but as a lifestyle destination. The two had been in nursery school together in Sweden and briefly at the same high school, and decided to go into business after meeting outside a Paris nightclub in their 20s. Having sold their first internet venture, an online bookstore, in the early days of the dotcom boom they moved to London and formed Boo.com.
They reckoned the business would need £20m, 30 people and three months to launch. When it did in October 1999 it employed 400 people in eight offices, with headquarters on Carnaby Street in London, and had already swallowed four times that initial expected investment. But everyone believed the story. Before Boo.com had sold a single item, Fortune magazine had proclaimed it one of Europe's coolest companies. When the site went live, however, the hype was not matched by visitors or, more importantly, sales. Although it had spent several million pounds on advertising, research by pollsters Mori just before Boo.com's collapse showed that only 13.2% of internet users were aware of the name and among non-users that fell to a mere 1.4%.
snip
from 2020:
Today, Kajsa Leander is a pomologist and has planted 3,000 apple trees on her farm in Småland.
Jim Cramer Turns BULLISH On TESLA Stock: “I’m A True Believer”
Tesla's longest bear analyst has turned bullish on the stock! He says he is a true believer on the stock, it has all the makings to become a great stock! Jim Cramer is famous on CNBC for being an analyst and talking stocks on television.
HEY JIM, HOW ABOUT $125?
This elevator going down!
way too long.
But in "the market", momentum investors have to change quickly.
I don't follow Cramer (or anyone, for that matter).
I was actually looking for a picture I saved of him being very apologetic. Worse than this picture below. He had his head in a pillory or other torture device. (I think it's called a stock, so go trying to search for the alternative meaning on the internet) Lost for now.
Things change!
https://asociaper.net/index.php/2022/12/21/teslas-share-of-u-s-ev-market-has-peaked-says-jim-cramer-cnbc-television/
Tesla’s Share of U.S. EV Market Has Peaked, Says Jim Cramer – CNBC Television December 2022.
http://www.cnbc.com/2017/06/07/cramer-says-its-possible-bitcoin-could-reach-1-million-one-day.html
Cramer says it's possible bitcoin could reach $1 million one day
(2017)
The price of digital currency stockpiled by companies to pay off potential cyberthreats could reach $1 million one day, CNBC's Jim Cramer said Wednesday.
Just having fun. Thanks for the comment.
