February 10, 2002 — Late last year, I read a truly awful book: Stephan Paternot’s A Very Public Offering, a poorly-written account of the rise and fall of TheGlobe.com. The company has consistently been cited by critics as one of the worst/best examples of absurd internet-stock mania, but this book by the company’s founder offered no real apologies, and provided very little insight. I don’t blame Paternot, a young man who was willingly manipulated by “market makers,” and who clearly is not a professional writer.
But John Cassidy can make no such excuses for Dot.Con: The Greatest Story Ever Sold. Cassidy offers no insight, and even fails to identify the “con” promised by the book’s title. And his sloppy writing, riddled with factual and typographical errors, insures that the book can’t be accepted even as a “digest” of the events he reports. Read more »