Page 6 - Pets Com News Today

We sold everything for pets from food to toys. >> their business plan was to reach as many people as possible, to create volume, but they were losing money on every piece of pet food they sold. >> pets.com reported sales of $9.4 million, but those goods cost the company $9.6 million before expenses like marketing and administration. >> it wasnt about revenue. what it was about is perception. and they, perhaps more than any other company, had a hold on perception, exemplified by this sock puppet ...

Just the senate election, but the national election. >> the very same day as the election, a popular internet company makes a stunning announcement. >> other economic news tonight, pets.com is closing down. >> the demise of pets.com is one of the first needless to punch a hole in the internet bubble. >> basically you had a new attitude towards business. >> internet mania, that shooter lived rush by investors to pump money into anything with a dotcom in its name and by those companies to turn aro...

Before you begin an aspirin regimen. >> the tech industry is hot again giving some people flashbacks to the late 1990s. in the first quarter this year 64 tech companies went public on track to beat last years $55 billion in public offerings. thats the highest since 2000. still, the sector is nowhere near the highs of the 190s. in 1999 six of the biggest ten companies in the s&p 500 were tech firms. today its only three. there is a key difference between now and then. companies in the 1990s went ...

Worth tens of billions of dollars myself, based on kind of the same hunch, that the great social web is more about users that dollars. by the cruiuser, eventually you be grabbing the dollars. for all i know, the companies may be worth all the dollars and users theyre attracting. maybe they are. then again, maybe some are less like ebay and more like etoys. does anyone remember etoys? big ipo, before they went into a big black hole and got bought out by a standard category toy store. thats my thi...

spending and thats because trat decisional path to prosperity is still strewn with debris from the last storm. the big one, the recession. your job and the wage you bring home is the single most important way to build wealth. but despite net job growth for two straight years, job creation seems to be slowing down. earnings for middle income americans fell some 7% in the past decade. and then there rinare investmen. that is complicated in this volatile market. for those of you looking f...

Cnbcs colleagues was actually on nightly news and it is left for to us see if this is a google or a pets.com. we know what happens when bubbles burst. it is never good for anyone. >> and we dont know. facebook is trading at a ridiculous valuation compared to other companies. the expectations are it has to justify by growing 50% for the next ten years and we dont know whether it will be a boom or a bust. you never know that with a new company and facebook is no different than 100 other company go...

It is in a nose dive. >>neil: that worries me when we hang our hats on these guys, and i take nothing away from site but i worry about the high expectations set up, because i also as we all remember, yesteryears stars, the pets.com, and all these high flying companies in the moment and the moment was gone. how do you tell people, look at this, what is meat and whats sizzle. >>guest: well, a tough question. remember what happened in 1999 and 2000, we had the dot.com burst. we lost $7 trillion of ...

I think the liberal democrats can get away with things that others cant. the obamas live large and go to glam spots, the vineyard, the clintons did this, too. no one said much, except the re-election year of 1996. you had dick morris poll to see where he should go on vacation. >> and he went to new jersey? >> he went to the west. reagan had a very pleasant ranch in california. >> santa barbara, not crying for reagan. >> we tease him about speeding around in a cigarette boat. but the clintons and...

This is where it gets really, really. because ive got a scissors lift. and its got to be important if im going to do this. lets watch the red line. as it goes up. uh-oh! whats happening to the world g.d.p. per capita? whats happening? uh-oh! this is all the way up here. what happened? thats a long way down there, huh? look, it was so flat. at 1800, gee, what happened? that must have been when we came up with pets.com. no, no. what was the other one that was going to revolutionize -- segway! the ...

Going on -- when was it? 2000? dot-com bubble had just burst. pets.com, forks.net. apparently not worth $3 billion. who would have seen it coming? our economy was weak. then we were hit with 9/11. if you were listening to me back then on the radio, i told you a year after 9/11, guys, i see something wicked this way coming. too many things are starting to come together. america has conquered big problems before. its when people call and say were america, we have done everything before. no, no, no...