Page 7 - Pets Com News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Election, but the national election. >> 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 ...

Saying missouri could turn not 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, there is a new victim of the falling fortunes of the new economy, 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. people were investing in companies that showed promise that didn't necessarily have revenue. >> internet mania, that shooter lived rush by investor...

E commerce companies, we sold nempg fr everything 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 sales cost them $9.6 million before expenses like marketing and administration. >> it wasn't about the revenue, what it was about was perception, and they perhaps more than any other company had a hold on perception, exemplified by this soft puppet mascot, at the 2000 super bowl, they had what was probably the most talked about a...

Dot-com became part of the mainstream terminology. >> pets.com will sell off a majority of its assets and lay off 255 of its 320 employees. >> pets.com was one of the first e-commerce companies. 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. >> it wasn't about revenue. what it was about is perception. and they, perhaps more than ...

Mainstream terminology. >> pets.com will sell off a majority of its assets and lay off 255 of its 320 employees. >> pets.com was one of the first e-commerce companies. 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 was perception, and they, perhaps more than any ot...