The landlords won

On the morning of August 9, 1995, a sixteen-month-old company with no profits sold itself to the public. Netscape's bankers had priced the stock at $28. It touched $75 by the afternoon. Jim Clark, its co-founder, became the first internet paper-billionaire before the market closed. Somewhere in the building a browser engineer realized the product had become a footnote to its own ticker. Nothing…