In 1999, Priceline saw its stock surge to absurd heights before it had earned a cent in profit, and after the bubble burst, it lost more than 99% of its value. But from that low, the discount travel site began a hard journey to profitability that has proven there are second acts in dot-com companies' lives.
Continue reading Priceline's Long Trip from Dot-Com Disaster to E-Commerce High Flier
Priceline's Long Trip from Dot-Com Disaster to E-Commerce High Flier originally appeared on DailyFinance on Tue, 05 Oct 2010 11:06:00.
Filed Under: Company News, Technology, Retail, Stocks in the News, Special Report