Dot-Coms Dying at 12-a-Week Rate
Bloomberg News
Dot-com companies are still closing worldwide at the rate of about a dozen a week, with 106 shutting their doors in the first two months of the year as they ran out of money, according to research and advisory firm Webmergers.com.
Fifty-two start-ups ceased operations in February. Since November, 203 have closed as they spent the last of funds they raised a year ago, before public and private investors began to turn away from Internet and technology stocks.
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