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Tech Industry

Workers leave, doors close for many dot-coms

This week has seen a slew of dot-com worries. GreatEntertaining.com cuts staff, online druggist More.com lays off workers while Kibu.com, a teen site, shutters its doors.

 

  latest developments 

Retailers and niche players continue to suffer the same dot-com dilemma: how to keep doors open amid a market downturn? More.com cuts staff in its search for profits, teen site Kibu.com goes silent, and GreatEntertaining.com lets its party-goers go.

"Now the public market is not going to let 2-year-olds go public."

- venture capitalist Ann Winblad, Hummer Winblad Ventures

 


Party-planning site cuts staff, including CEO
GreatEntertaining.com, which gives party-planning tips and sells related items, sheds two-thirds of its staff, including CEO and co-founder Tanya Roberts.

Financial panel looks in Net crystal ball
Don't hold your breath for Net stocks to rebound, a group of top stock analysts and investors says as they considered the outlook for the battered sector.

Buying site is latest dot-com casualty
Productopia.com, which provides product information and buying advice, says it plans to shut down operations.

Teen site Kibu.com to shut down
Teen site Kibu.com, backed by prominent Silicon Valley businessmen including Jim Clark, plans to shut down and has also cut most of its 65-person staff.

Online drugstore More.com cuts staff by third
The latest company to catch the dot-com financial malaise, online drugstore More.com has laid off about a third of its staff, the company confirms.