Those of us who didn't take a risk in the first place - out of caution, fear or simple laziness - can comfort ourselves with the fact that we still have all the money we didn't invest in Freeserve; we can even tell ourselves that, had we bought shares, we too would have sold out already.
Slippages in other people's fortunes are curiously comforting. Did none of our readers enjoy yesterday's other Internet shares story, about QXL.com, the online auction house, having to revise downwards the price it expects to be floated at in October?
The Internet has become such a familiar source of jeans-to-riches tales of gain, that even a slight hiccup is treated as a sign of terminal illness. But it's worth remembering that, in stock markets, what goes down may well go back up; the risk-takers may yet, deservedly, get the last laugh.Reuse content