Page 11 - Pets Com News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 wasn't 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 mascot. >> at the 2000 super bowl, they had probably what was the most talked about ad. then by nov...

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 around and pour that cash into advertising. >> there was this whole new lexicon for talking about this,...

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 year's $55 billion in public offerings. that's 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 it's only three. there is a key difference between now and then. companies in the 1990s went with an eager stock market with no idea how -- remember pets.com? today there are still start-up ...

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 they're 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. that's my thing about dot.com. many more turn out to be dot bomb. for every new digital darling, i refrekt to s...

spending and that's 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 for a safe harbor by investing in fixed income or parking money in the shelter of a bank, you're get...