Quote:
Originally posted by Colin@Jun 26 2003, 06:52 AM
I don't think there's anything WRONG with the industry or things are going bad or anything like that. The industry is getting normal.
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This is also very correct
One of my biggest and few regrets is I didn't study new market economies more - the history was all there - Industrial revolution, Auto Manufacturing, Radio, Television
The Boom, the Bust then flatline (normal) cycle (actually the flatline includes a slight rise from the bust and also includes smaller and weaker companies being weeded out)
We are seeing a similar effect in the stock market now, where some of the extremely overvalued stocks that plummeted during the bust portion of the cycle are making a slow steady comeback to reasonable levels. Example Yahoo stock was never worth the 240 per share it hit in Jan 2000 but has rebounded to 32 per share today from a low of 8 per share in October 2001 (it was also close to that price in November 2002)
Still that being said we (webmasters and companies) are responsible to a large degree for the adult on line entertainment industry's bust cycle or more so the quickness with which it happened and the delay of a slight rebound
There are MANY reasons for this (many good ones have been discussed here) and I feel we are still 9 - 18 months away from seeing any appreciable rebound - for those of us who will still be around
But we could still lose it all depending on the whims of Visa/Mastercard and when, if ever mass alternative acceptable and marketable payment options become available (I know checks with processed certain companies
are a viable option but without 100% real time validation it's still not the yet payment solution we need)