FlyerTalk Forums - View Single Post - Shakeout among dotcoms continues
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Old Oct 12, 2000 | 8:33 am
  #5  
doc
A FlyerTalk Posting Legend
 
Join Date: May 1999
Posts: 46,817
www.chipshot.com filed for bankruptcy!

The Nasdaq is down another 54 (DJIA off 330)in early trading, approaching 3000. It was 5000 in March!

These companies are getting hit all around, seeing intense competiton, having ad revenues cut and also having investors pullout! It 'aint a pretty picture!

AND:

Online direct marketing services firm MyPoints.com Inc. (NasdaqNM:MYPT - news) warned on Thursday that it expects to report a wider-than-expected third-quarter loss amid a downturn in online advertising.
http://dailynews.yahoo.com/h/nm/2000...ning_dc_1.html

[This message has been edited by doc (edited 10-13-2000).]
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