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Dotcoms still falling like flies

53 drop dead in June

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Dotcoms are still falling like flies, with 53 dropping dead in June.

This figure, which brought the total so far this year to 330, compares to 17 shutdowns in June 2000.

A total of 36 Net outfits shut their doors in the first six months of last year.

There has been a steady stream of major dotcom closures this year, with around 50 deaths worldwide tallied each month, according to a report by Webmergers.com.

This month's victims include ISP PSINet, which has filed for Chapter 11, and an increasing number of other business-oriented Net outfits. Business to consumer (B2C) companies accounted for 73 per cent of shutdowns during 2000, and 49 per cent in the first half of 2001.

In total, 555 Internet companies have fallen since January 2000. Almost a third of these were located in the dotcom heartland - California. ®

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