Google Answers Logo
View Question
 
Q: How many internet companies failed or went out of business during dot com bust? ( Answered 4 out of 5 stars,   0 Comments )
Question  
Subject: How many internet companies failed or went out of business during dot com bust?
Category: Business and Money > Economics
Asked by: bboymsjee-ga
List Price: $5.00
Posted: 18 Nov 2003 16:30 PST
Expires: 18 Dec 2003 16:30 PST
Question ID: 277224
During dot com boom and bust, how many companies went bankrupt or out of business?
Answer  
Subject: Re: How many internet companies failed or went out of business during dot com bust?
Answered By: pinkfreud-ga on 18 Nov 2003 16:57 PST
Rated:4 out of 5 stars
 
According to a report on the "dot com bust" by Webmergers, Inc. (a
provider of analysis, data and advisory services regarding mergers and
acquisitions in the high-technology sector), 3,892 "dot com" companies
were acquired by other companies, while 962 companies were shut down
or went bankrupt.

"Three years after the peak of the dot com frenzy, nearly 5,000
Internet companies have either been acquired or shut down in a massive
sector consolidation... At least 4,854 Internet companies have either
been acquired or have shut down in the three years since the dot com
investment boom peaked in Q1 of 2000. Since then, buyers have spent
$200 billion to acquire 3,892 Internet properties. During the same
three-year period, at least 962 substantial Internet companies have
shut down or declared bankruptcy."

Webmergers: Internet Companies Three Years After the Height of the Bubble
http://www.webmergers.com/data/article.php?id=67

The page linked above has many useful charts and statistics that may
be of interest to you.

Google search strategy:

Google Web Search: "dot com bust" + "companies have failed"
://www.google.com/search?hl=en&ie=UTF-8&oe=UTF-8&q=%22dot+com+bust%22+%22companies+have+failed

I hope this information is helpful. If anything is unclear, or if a
link does not function, please request clarification; I'll be glad to
offer further assistance before you rate my answer.

Best regards,
pinkfreud
bboymsjee-ga rated this answer:4 out of 5 stars

Comments  
There are no comments at this time.

Important Disclaimer: Answers and comments provided on Google Answers are general information, and are not intended to substitute for informed professional medical, psychiatric, psychological, tax, legal, investment, accounting, or other professional advice. Google does not endorse, and expressly disclaims liability for any product, manufacturer, distributor, service or service provider mentioned or any opinion expressed in answers or comments. Please read carefully the Google Answers Terms of Service.

If you feel that you have found inappropriate content, please let us know by emailing us at answers-support@google.com with the question ID listed above. Thank you.
Search Google Answers for
Google Answers  


Google Home - Answers FAQ - Terms of Service - Privacy Policy