Company that marked dot-com deaths is no more
Dotcomfailures.com, which existed to sound the death knell of dot-com companies--and perhaps kick a little dirt over them as well--goes out of business.
The site that existed to sound the death knell of dot-com companies--and perhaps kick a little dirt over them as well--went out of business today.
"Three months and $2.6 million later, dotcomfailures.com is closed," read a message on the site, whose logo is "Kick 'em while they're down."
Representatives for Dotcomfailures declined to comment.
The site was one of several that popped up after the April stock market downturn to act as a forum for rumors and news of closures and layoffs at dot-com companies.
Just days ago, the owner of another popular dot-com demise site, FuckedCompany.com, announced that his site was for sale.
The Internet zeitgeist that created a stream of 20-something millionaires slowed suddenly after Wall Street grew tired of Net companies with huge valuations that continued to lose huge amounts of money. With funding harder to find, layoffs and closures soon followed--along with a massive public relations backlash that fueled the popularity of sites like Dotcomfailures.com.
Last month, for instance, Healtheon/WebMD laid off an undisclosed number of workers, Amazon.com-backed Living.com closed its doors, and Value America filed for bankruptcy protection.