Feeding On Dot Com Ruins
from the eat-up dept
USA Today is running an article looking at how a number of companies today (both “old economy” and “new”) are propping themselves up by buying up the remains of failed dot coms for pennies on the dollar. There are multiple stories of desperate companies begging to be acquired, but who were then put on hold until they were even cheaper or totally out of business before being bought up for next to nothing. Ah, hubris at work.