Morgan Stanley’s Net ‘Queen’ Meeker Sees Mobile Boom
This article is for subscribers only.
Mary Meeker predicted a $50 billion online advertising boom in an address at the annual Web 2.0 Summit in San Francisco today. The Morgan Stanley analyst said as well that mobile commerce may gain market share faster than traditional online retailing.
Meeker, 51, is back in demand. She was called “Queen of the Net” by Barron’s in 1998, only to see her star dim as technology stocks plunged and regulators said securities firms used biased research to lure banking business. These days, investors are scouring her work anew for would-be Web winners.