Brayden Dennis

Because it was back in the 1990s.

And for those that weren't born in the 1990s, the internet was definitely more in its infancy.

And I did find an interesting article, literally like from back in the day where you would publish an HTML from David Simons in March of 1999.

It was from, I can't remember the exact university, but essentially it was an article where...

very old school and he just highlighted the valuations and apparently yahoo which i believe was profitable at the time was trading 130 times sales just to give an idea so this is definitely reminiscent of the dot-com bubble in terms of the sheer pricing in terms of sales and obviously the dot-com bubble also saw a lot of companies that barely had any sales and were not profitable just trading at pretty crazy valuation but again it's not that easy to find data

Going that back.

So before I continue, any comments here on the IPO?

They were huge.

I know it may be weird for younger listeners, but Google was not the...

go-to place to go for searches back then.

I think it really started in the early 2000s.

Google IPO'd later.

I think it might have been, I'm just going on memory, like 2004 or something like that, where it would have IPO'd.

but yeah and you had like um i think a bit prior to that but you had like i think it was like alta vista was one of them you had web crawler anyways all this stuff i remember when aol yeah so all this stuff i remember when i was a teenager so i just wanted to mention that because

140 150 times sales is not nothing it's really expensive and i said i posted as a joke on x basically said well i guess when your total addressable market is the universe i mean it's not that expensive right so uh infinite power yeah the other thing i guess the one thing i'll mention just because we went over that well simple ipo thing

Which one of the risks of this whole Wealthsimple feature is also it could bring in.

They're not the only ones.

There's brokers in other countries that are doing something similar here.

It could really put retail investors as bag holders because remember they had like I think that 90 day sale.

timeframe where you can't sell.