So far, 2013 has been a great year for the internet economy. Companies such as Google, LinkedIn and Amazon are currently trading at all-time highs and even internet 'oldtimers' AOL and Yahoo have come back from the dead.
Internet stocks rallied late last week, as the online economy is carrying a lot of momentum into the upcoming earnings season. So much so in fact, that some feel reminded of the internet bubble in the late 1990s, when everybody wanted in on the dot-com gold rush and stock prices inflated regardless of traditional business metrics.
In the next two weeks we will learn whether the actual results can live up to the hype. While Google and LinkedIn have consistently posted solid results in the recent past, others, such as Yahoo and Amazon, have yet to deliver the results to match their valuations.
The Internet Economy Parties Like It's 1999
Description
This chart shows the stock performance of selected internet companies in 2013. It illustrates the percentage change of the stock price compared to the closing price on January 2, 2013.
