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  #1 (permalink)  
Old 08-21-2005, 07:58 AM
The Major The Major is offline
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Default Top ten internet flops

http://msn-cnet.com.com/4520-11136_1...1&tag=msn_home
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Old 08-21-2005, 10:52 AM
The Actuary The Actuary is offline
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Default RE:Top ten internet flops

That is a good list.

Pets.com was the first that came to my mind-

those guys did not actually ever do anything but shop around for money.

Was a little surprised cdnow didn't make the list.

Ironically go.com was my search engine of choice till they got bought out.
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Old 08-21-2005, 01:41 PM
Total Square Total Square is offline
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Default RE: Top ten internet flops

it never got a lot of attention, but the creator of webvan was louis borders. when he sold his interest in the bookstores, this is where he pissed away his cash.
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Old 08-21-2005, 01:51 PM
lakerfan lakerfan is offline
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Default RE:Top ten internet flops

Anyone remember AllAdvantage.com? I think they burned through 75 million on the whole pay-to-surf deal.
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Old 08-21-2005, 08:47 PM
biggame biggame is offline
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Default RE: Top ten internet flops

Cdnow.com was purchased by Amazon. I'm sure the owners made money on that deal.
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Old 08-21-2005, 08:58 PM
Buck Swope Buck Swope is offline
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Default RE: Top ten internet flops

I am ashamed to admit that I invested in Fogdog.com
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Old 08-22-2005, 03:25 PM
Hartley Hartley is offline
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Default RE:Top ten internet flops

Never mind that, I actually paid $18 a share for buy.com. Ended up being bought out by private interests or something and I received 13 cents per share.
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Old 08-22-2005, 03:31 PM
JoeyrollNy JoeyrollNy is offline
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Default RE:Top ten internet flops

Quote:
Originally posted by: Hartley
Never mind that, I actually paid $18 a share for buy.com. Ended up being bought out by private interests or something and I received 13 cents per share.
Ouch
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Old 08-22-2005, 03:43 PM
Total Square Total Square is offline
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Default RE:Top ten internet flops

Quote:
Originally posted by: JoeyrollNy
Quote:
Originally posted by: Hartley
Never mind that, I actually paid $18 a share for buy.com. Ended up being bought out by private interests or something and I received 13 cents per share.
Ouch
even worse ouch...the guy that bought it to take private was the one that cashed when they went public
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Old 08-22-2005, 03:43 PM
Hartley Hartley is offline
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Default RE:Top ten internet flops

I've invested in a lot of duds - albeit with purely speculative intentions. I was watching 3 investing shows all who were touting Loral Telecommunications as a bull in the waiting at $7 per share. The stock climbed from $5 just a week earlier so I bought 600 shares. 2 weeks later they announced they were bankrupt.

Mind you the worst I have seen, I had a friend who's fathers estate invested all the estate's assets in Nortel (the estate was worth just under over a million dollars when he died). By the time they settled the estate it was worth $40,000 (ouch!!!).
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Old 08-22-2005, 05:15 PM
ParanoidAndroid ParanoidAndroid is offline
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Default RE:Top ten internet flops

Here's a little bit of trivia - did you guys know that Pets.com was actually a listed company before they even made their first sale or opened their web site? That's how crazy those times were - you could get funded and go public based purely on "air".

Of course, no one stopped to think that, "hey, a 20-pound bag of dog kibble weighs . . . uh, gee . . . 20 pounds!". You just CANT ship that without taking a huge hit.
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Old 08-22-2005, 08:38 PM
Hartley Hartley is offline
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Default RE:Top ten internet flops

Remember produce.com??
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Old 01-14-2009, 04:06 PM
Pancho Sanza Pancho Sanza is offline
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Telecom giant Nortel files for bankruptcy protection, shares halted

Wed Jan 14, 9:47 AM

David Friend, The Canadian Press
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(The Canadian Press)By David Friend, The Canadian Press

TORONTO - Telecom giant Nortel Networks Corp. (TSX: NT.TO) and several of its units have filed for Chapter 11 bankruptcy in a court in the United States.

The move comes shortly after shares in the company were halted on the TSX pending news.

The company said several of its U.S. subsidiaries, including Nortel Networks Inc. and Nortel Networks Capital Corp. filed the petitions in the United States, while other subsidiaries were expected to make similar filings in Europe.

Nortel said the decision was made after its board of directors had gathered in Toronto on Tuesday night to assess the company's financial options.

"This process will allow Nortel to deal decisively with its cost and debt burden, to effectively restructure its operations and to narrow its strategic focus in an effective and timely manner," the company said in a release.

The meetings came two days before Nortel is due to repay a $107-million interest debt on bonds. The transaction would deplete Nortel's North American cash reserves by about 10 per cent.

Creditor protection would give the company more opportunities to explore restructuring options or sell off some of its assets, but it would also make the company more vulnerable by leaving it open to the possibility of a quick sale.

Nortel was once considered Canada's most valuable company, before the telecom bubble burst eight years ago.

Since then it has grappled with a variety of financial problems, and shrunk to less than one-third its peak size, but failed to re-establish itself as a leading player in its industry.

Nortel said its effort to transform its operations has been impacted by the global financial crisis and recession.

The company says it has a $2.4-billion cash position.

"Nortel must be put on a sound financial footing once and for all," said chief executive Mike Zafirovski in a release.

"These actions are imperative so that Nortel can build on its core strengths and become the highly focused and financially sound leader in the communications industry that its people, technology and customer relationships show it ought to be."

Nortel representatives did not immediately return calls for comment.

Last month, it was reported that the company hired legal advisers to explore bankruptcy court protection from creditors, but Nortel said at the time that a filing was not imminent.

Shares in Nortel were down 24.5 per cent on Tuesday, worth 38.5 cents on the Toronto Stock Exchange. At their peak, and before another more recent consolidation, Nortel shares hit $124.50 on the TSX in July, 2000.




Telecom giant Nortel files for bankruptcy protection, shares halted - Yahoo! Canada Finance
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Old 01-14-2009, 04:12 PM
chairibofjustice chairibofjustice is offline
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I thought Kozmo.com was a great service, I used that thing all the time.
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Old 01-14-2009, 04:34 PM
Total Square Total Square is offline
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Quote:
Originally Posted by chairibofjustice View Post
I thought Kozmo.com was a great service, I used that thing all the time.
ben & jerry's delivery???
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Old 01-14-2009, 05:36 PM
Domer Domer is offline
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Kozmo had a $10 free coupon for new customers, no catches. I remember just using different email addresses and changing my name slightly, and I ended up getting about $70 worth of free deliveries out of it (spaced out a couple weeks so they didn't catch on).
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Old 01-14-2009, 06:33 PM
Rod Tidwell Rod Tidwell is offline
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Kozmo.com was the greatest thing this world has ever known. I used that site 3x a week. I could order a playstation 2, a chicken burrito, a dvd and it would magically be at my door in 45 minutes....I miss it.
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Old 01-14-2009, 06:46 PM
Hartley Hartley is offline
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How was this for a dud - Newagebets.com
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  #19 (permalink)  
Old 01-14-2009, 07:07 PM
chairibofjustice chairibofjustice is offline
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Quote:
Originally Posted by Total Square View Post
ben & jerry's delivery???
Huh?
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