Friday, June 20, 2003

Making no representations about web traffic

Wow, I would tell you how many people have come to my site today from Bill Hobbs Online (and thank you, Bill) but I wouldn't want anyone to actually rely on those figures, which is part of the reason why people are so mad about Worldcom, as reported in this article, which says of the consequences of Worldcom's overstatement of its Internet traffic that "[w]hile WorldCom reaped tremendous financial rewards from the investment community for its false reports of business growth, the entire industry and investing public were harmed as WorldCom’s false traffic numbers led to irrational and unjustified investments and the current fibre glut, claims AT&T, which estimates that the total bubble – and resulting bust – reached $1 trillion at its height."

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