Are You Able To Remember The Failed Companies Of The Dot-com Bubble
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In September 1999, just days after its initial public supply (IPO), Backyard.com's inventory was trading above $20 per share. However simply 14 months later, in November 2000, the gardening retailer was buying and selling at just 9 cents per share and closed down. When it launched in March 1999, AllAdvantage's business mannequin was what's known as "pay to surf" (PTS). In a little bit greater than a 12 months, the company had thirteen million members, and by the end it had paid its members greater than $160 million. Regardless of its $175 million in enterprise capital, AllAdvantage shut down after 18 months in enterprise. When the folks who ran the location became satisfied it could not profit -- or keep afloat -- with an promoting-based mostly enterprise mannequin in that yr's market conditions, it shut down. As the dot-com bubble started to deflate in March 2000, InfoSpace's inventory dropped, too, falling to only $1.56 by July 2001. After a collection of lawsuits against InfoSpace founder Naveen Jain and his company for misleading accounting and other shady practices, Jain later co-based Intelius, conveniently located throughout the road from InfoSpace.
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