A quiet year in the Internet industry. Right? Right
Article Abstract:
Internet service provider and Internet search companies, such as America Online and Yahoo, are among the most profitable stocks because of the new information and commercial services available through World Wide Web resources. Amazon.com watched its stock rise 978.2% during 1998 while it became the most active electronic commerce business on the Internet. The stock market was not as kind to the smaller Internet companies which struggled against the rapid growth of the dominating companies.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
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2 top internet music sellers make an agreement to merge
Article Abstract:
In an all-stock merger, CD Now and N2K will join forces in the Internet music business. Jon Diamond of N2K will become chairman of the new company called CDNow/N2K Inc. for the present. Jason Olim will remain president and chief executive. Two of N2K's executives will serve on the new company's board. The largest competitor, Amazon.com, will give even the new combined company a run for its money, even though it just entered the music selling business.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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