Online Gambling Running Out of Steam
dreamchaser writes "After a meteoric rise, online gambling companies appear to be taking a beating now with the loss of 33% in PartyGaming stock. Apparently the novelty is wearing off and no new players can be found. Why have you stopped playing?"
This is the problem with companies going public that shouldn't.
The stock market is all about growth, not profit.
Have a compay that makes 100 billion trillion dollars a year?
Great, but next year you will have to make 200 billion trillion or else your stock will tank. Its not just about being profitable, stock is all about growth. If not you better pay one hell of a dividend.