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According to Isaac Newton, for every action, there is an equal and opposite reaction. This seems to be the case with the dramatic rise and subsequent fall of Internet companies. A quick check of the Dotcom Failures Website shows dozens of brand-name ecommerce businesses dealing with layoffs, lawsuits, and plummeting stock prices. E-businesses from furniture.com to Salon online magazine have experienced much-publicized layoffs. Since January 2000, more than 5,000 employees of Dot-com companies have been layed off for reasons which, according to a recent Seattle Times article, include the need to "cut costs because of delayed initial public offerings, streamlining operations to become profitable more quickly, consolidating work forces after acquisitions and mergers, and going out of business." However, despite the negative press, analysts believe that, once this process of weeding out and scaling down of Dot-com companies completes its course, e-commerce and e-business will still continue to grow and thrive. The following eight resources provide news, articles, and accounts of the continuing shakedown of e-businesses.
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Scout Publication
Date of Scout Publication 2000-07-13
Archived Scout Publication URL https://scout.wisc.edu/report/be/2000/0713

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