Page 6 - Pets Com News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Last month you may recall boeing stock dropped. so far trump hasn't tweeted about anything of my top holdings. enron and pets.com. and trump's tweets also have titan's trembling. ceos are fearing about getting a tweet since he often tweets in the 6:00 a.m. eastern hour. leaders say their pr folks have adjusted their schedules to make sure someone is up at 3:00 a.m. out of fear that if trump tweets could crash their stocks and put their company into a frenzy. >> he is creating jobs already. lawyers that have to wake up at 3:00 a.m. those are billable hours.

>> 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-com in its name and by those companies to tu...

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. >> 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 november of that year they were self-liquidating. it ha...

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-com in its name and by those companies to turn around and pour that cash...

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. >> 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 november of that year they were self-liquidating. it ha...