SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Tulipomania Blowoff Contest: Why and When will it end?
YHOO 52.580.0%Jun 26 5:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: RockyBalboa who wrote (3351)1/7/2001 1:06:46 AM
From: Razorbak  Read Replies (1) of 3543
 
"210 Dot-Com Companies Died in 2000"

At least 210 Internet companies have shut down since January 2000, nearly 60 percent of them in the fourth quarter, according to a report released Wednesday by Webmergers.com, a San Francisco research firm. About 75 percent of the dot-coms (157 companies) that have closed over the past year targeted a consumer audience. Webmergers also found that at least 40 Internet companies, which had received at least $1.5 billion in funding from public and private investors, closed in December alone. That number was down slightly from the 46 dot-coms that closed their doors in November.

Webmergers President Tim Miller explained that a string of failures among online retailers in the weeks ahead of the holiday shopping season accelerated the dot-com shakeout in the final months of the year. “There were pre-Christmas peremptory shutdowns among e-tailers that weren't prepared to face the holiday season,” Miller said.

The dot-com implosion also accelerated in recent months as many Internet players ran out of money since Wall Street and venture capitalists have cut off funding to unprofitable web ventures. Miller says the sector faces a breaking point as investors watch carefully to see whether financial margins at many companies start to improve — a sign that they are moving closer to profitability. If margins do go up, the sector could start to stabilize, Miller said. But if they don't, “it could mean we are in for more churn and more turmoil,” he said.

abiworld.org
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News