2 weeks ago I shared some thoughts of dotcoms in recession given the clients I work with - Seek, Carsales, Wotif, etc.
Last week, my thoughts were confirmed with SEEK 2009 predictions.
A meeting with Carsales yesterday also confirmed my predictions. New car sales has dropped but private car sales will have it's record month. Great news as revenue for Carsales will continue it's strong growth through this period of downturn.
It's interesting to see how different dotcoms models can be resilient through economic downturns. They almost act as a barometer for market sentiment.
Friday, November 21, 2008
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