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There was no "there" there

Posted by Meg on November 22, 2005

People used a lot of jargon in the late '90s...A presentation at an IPO road show that nobody could understand would result in a stock that shot up 900 percent. But there was no "there" there. It's not an option anymore to take your language to a very simple and clear level.

What does the sentence 'But there was no "there" there' mean here?