RSS
More Than 200 Dot Coms Died In 2000
from the ouch dept
A new study shows that at least 210 dot coms closed last year. Those closures caused the loss of $1.5 billion in investments and as many as 15,000 jobs. Of course, relatively speaking, this isn't really that much. Many venture capitalists have single funds that are pushing $1.5 billion these days, and the single closure of Montgomery Wards effected a hell of a lot more people than all these dot com closings combined. Of course, it still sounds good to pretend that the internet is dying, and taking the rest of the economy with it.
If you liked this post, you may also be interested in...
- Sony Music Raised Prices On Whitney Houston's Music... Less Than 30 Minutes After She Died
- Protecting The Artists? Disney's Marvel Uses Copyright To Crush Already Broke Ghost Rider Creator
- Canadian Muslim Who Sends Text Urging His Employees To 'Blow Away' The Competition Arrested As A 'Terror' Suspect
- ICE Seizes 300 More Sites; Can't Have People Watching Super Bowl Ads Without Permission
- Rather Than Bitching About The Failure Of SOPA/PIPA, Rupert Murdoch Should Take A Closer Look At His Own Policies
Add Your Comment