Online retailer Kozmo said Wednesday it has shutdown its Web site and will cease operations in all of its markets. Nearly 1,100 workers will be laid off.

The New York-based privately held company said the closing was effective immediately. The company's Web site didn't load and a phone number for Kozmo was unable to accept any calls.
http://www.nytimes.com/aponline/busi...-Shutdown.html

AND:

Internet media giant Yahoo! Inc. (YHOO.O) on Wednesday reported a first-quarter net loss, compared with a profit in the same year-earlier quarter, and said it would cut 12 percent of its workforce as it struggles with declining advertising revenues.
http://www.nytimes.com/reuters/busin...oo-earns-.html

[This message has been edited by doc (edited 04-11-2001).]