Unsupported browser

For a better experience please update your browser to its latest version.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

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 ...

Already a subscriber? Login here or activate your digital account