High failure rate seen among dot-coms as Boo.com closes
Analysts predict that Internet companies will start to disappear at an accelerated pace because of the recent stock market malaise and declining interest in e-commerce businesses.
latest developments |
As companies begin feeling a financial pinch, analysts predict that Internet companies will start to disappear at an accelerated pace because of the recent stock market malaise and declining interest in e-commerce businesses. "Many of these companies have very little time left." - John Soden, partner in PricewaterhouseCoopers' business recovery services arm |
| Study: U.K. Net companies on thin ice The majority of U.K. dot-coms could run out of cash within 15 months, according to a new report released by PricewaterhouseCoopers.
DEN tells staff it's out of money
British e-tailer Boo.com calls it quits |