Stock Advice From CFO Michael Jacobs
The recent demise of many dotcoms, along with a drop in technology stocks over the last month has made even the most liberal investor cautious of today's market. As a financial professional, what can you do to counsel your own company, customers or clients about the future of online investing?
GlobalNetFinancial.com's CFO Michael Jacobs takes a no-holds barred look at the subject in a new interview, talking about his firm's strategy and position in dealing with financial matters and how these subjects affect their audience.
Take, for example, TheStreet.com, an online provider of investor information and trading. The original model, says Jacobs, was built on the premise that the site would sell a third of its content to other providers, but since this has not happened, the site now is up for sale.
What do you think of Jacobs' comments? Tell us by responding to this story under Users Comments below.
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Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.