Webvan Gives Up The Ghost
from the move-along-folks,-nothing-to-see-here dept
Well, I’m sure most people have just been waiting for this one to happen, but the rumors are that Webvan will cease operations and declare bankruptcy on Monday. Think of all the billions of dollars wasted. Since I’m in an “I told you so” sort of mood (when am I not?), I’ll point out that I was skeptical from the beginning in a post from April, 1999.
Comments on “Webvan Gives Up The Ghost”
billions
14.5B in market cap, 1B in debt, less any recovery due creditors =~ $15B of losses
Staggering.