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The Internet building boom of the '90s that never really happened

Last week, Amazon - 'Earth's Biggest Bookstore' - announced that it had made a profit for the first time since its website was launched in 1995. This seeming miracle received a mixed reception. 'New economy' commentators, still licking wounds inflicted by the collapse of technology stocks two years ago, began to whisper that they had been right all along. But 'old economy' downsiders were having none of it. They mocked yet another false dawn and pointed out that it has taken no less ...

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