List of Companies Significant To The Bubble
For discussion and a list of dot-com companies outside the scope of the dot-com bubble, see dot-com company.
- Boo.com, spent $188 million in just six months in an attempt to create a global online fashion store. Went bankrupt in May 2000.
- Startups.com was the "ultimate dot-com startup." Went out of business in 2002.
- e.Digital Corporation (EDIG): Long term unprofitable OTCBB traded company founded in 1988 previously named Norris Communications. Changed its name to e.Digital in January 1999 when stock was at $0.06 level. The stock rose rapidly in 1999 and went from closing price of $2.91 on December 31, 1999 to intraday high of $24.50 on January 24, 2000. It quickly retraced and has traded between $0.07 and $0.165 in 2010 .
- Freeinternet.com – Filed for bankruptcy in October 2000, soon after canceling its IPO. At the time Freeinternet.com was the fifth largest ISP in the United States, with 3.2 million users. Famous for its mascot Baby Bob, the company lost $19 million in 1999 on revenues of less than $1 million.
- GeoCities, purchased by Yahoo! for $3.57 billion in January 1999. Yahoo! closed GeoCities on October 26, 2009.
- theGlobe.com – Was a social networking service, that went live in April 1995 and made headlines by going public on November 1998 and posting the largest first day gain of any IPO in history up to that date. The CEO became in 1999 a visible symbol of the excesses of dot-com millionaires.
- GovWorks.com – the doomed dot-com featured in the documentary film Startup.com.
- pets.com - a former dot-com enterprise that sold pet supplies to retail customers before entering bankruptcy in 2000.
- open.com - Was a big software security producer, reseller and distributor, declared in bankruptcy in 2001.
- InfoSpace – In March 2000 this stock reached a price $1,305 per share, but by April 2001 its price had crashed down to $22 a share.
- lastminute.com, whose IPO in the UK coincided with the bursting of the bubble.
- The Learning Company, bought by Mattel in 1999 for $3.5 billion, sold for $27.3 million in 2000.
- Think Tools AG, one of the most extreme symptoms of the bubble in Europe: market valuation of CHF 2.5 billion in March 2000, no prospects of having a substantial product (investor deception), followed by a collapse.
- Webvan, an online grocer that operated on a "credit and delivery" system; the original company went bankrupt in 2001. It was later resurrected by Amazon.
- WorldCom, a long-distance telephone and internet-services provider that became notorious for using fraudulent accounting practices to increase their stock price. The company filed for bankruptcy in 2002 and former CEO Bernard Ebbers was convicted of fraud and conspiracy.
- Xcelera.com, a Swedish investor in start-up technology firms. "Greatest one-year rise of any exchange-listed stock in the history of Wall Street."
- Broadcast.com was acquired by Yahoo! for $5.9 billion in stock, making Mark Cuban a multi-billionaire. The site is now defunct and redirects to Yahoo's home page.
- MicroStrategy, whose shares lost more than half their value on March 20, 2000, following their announcement of re-stated financials for the previous two years. A BusinessWeek editorial said at the time, "The company's misfortune is a wake-up call to all dot-com investors. The message: It's time, at last, to pay attention to the numbers."
- inktomi with a valuation of $25 billion in march 2000,
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Famous quotes containing the words list, companies, significant and/or bubble:
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—Janet Frame (b. 1924)
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—Gloria Steinem (20th century)
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—T.S. (Thomas Stearns)
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Even in the cannon’s mouth.”
—William Shakespeare (1564–1616)