Detailed text transcripts for TV channel - MSNBC - 20161023:03:35:00
>> the very same day as the election, a popular internet company makes a stunning announcement. >> other economic news tonight. there is a new victim of a falling fortunes of the new economy. pets.com is closing down. >> the demise of pets.com is one of the first needles to punch a whole in the internet bubble. >> basically, you had a new attitude towards business. people were investing in companies that showed promise, that didn't necessarily show revenues. >> internet mania, that short lived rush by investors to pump money into anything with a dot come in its name and by those companies to t...