Feeds

Noose tightening for dotcoms – 21 deaths in last fortnight

130 so far this year

  • alert
  • submit to reddit

High performance access to file storage

The noose is tightening around dotcoms' scrawny necks, with 21 Internet companies shutting up shop so far this month.

This figure, equal to more than one death every day, compares to 22 casualties for the whole of October - the cruelest month to date. It brings the total to around 130 since January as venture capitalists head for the hills, taking their remaining cash with them.

According to a report by Webmergers.com, 8,000 people worldwide have lost their jobs through the closures - not to mention the extra layoffs from companies still in business but backpeddling in an attempt to stem losses.

Most of the casualties were in the B2C suicide arena (75 per cent), and 60 per cent were e-commerce sites.

More than a third were in Webmergers' own backyard of California, while 11 per cent operated out of New York. Europe accounted for eight per cent.

Just today thestreeet.com announced a staff cull in the US and the shutting off its UK operations. California-based content company AudioHighway.com laid off 21 of its 30 staff, while ISP PSINet put itself up for sale.

In the past week garden.com, beautyjungle.com, cyberhomes.com and online grocery delivery service streamline.com all gave up the will to live. ®

Related Stories

br>ml">Streamline.com turns into Thanksgiving turkey
Garden.com turfed onto dot.compost heap
TheStreet.co.uk goes titsup.com
Pink slips rain on dotcom parade
New York VC warns of more public dotcom deaths

High performance access to file storage

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Nokia offers 'voluntary retirement' to 6,000+ Indian employees
India's 'predictability and stability' cited as mobe-maker's tax payment deadline nears
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
France bans managers from contacting workers outside business hours
«Email? Mais non ... il est plus tard que six heures du soir!»
Adrian Mole author Sue Townsend dies at 68
RIP Blighty's best-selling author of the 1980s
Analysts: Bright future for smartphones, tablets, wearables
There's plenty of good money to be made if you stay out of the PC market
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.