A Look Back At Ten Dot-Com Flops

climbing_monkey writes "CNET.com has posted what, in their opinion, are the top 10 dot-com flops." From the article: "The most astounding thing about the dot-com boom was the obscene amount of money that was spent. Zealous venture capitalists fell over themselves to invest millions in Internet start-ups; dot-coms blew millions on spectacular marketing campaigns; new college graduates became instant millionaires (albeit on paper) and rushed out to spend it; and companies with unproven business models executed massive IPOs with sky-high stock prices. Of course, we all know what eventually happened to this world. Few of these companies actually made enough money to recoup that cash, and when their investors fled to the hills, these start-ups died dramatic deaths. These are the celebrity victims of the new-economy bust."

Rocket cash anyone?

[Ledora]

Coca cola backed rocketcash was a pretty dumb idea. It was another virtual currency, I won 1000 dollar of it (yes it was worth that in USD) and tryed to order large amount on sites with it only to be harassed by their "partners" because all rocket cash did was fill in websites order info with your name and THEIR visa card. so I would get a call from (ebgames I believe it was) asking me to confirm my visa number and give them my DL # and all that and I would tell them ITS ROCKETCASH! I ended up having to call cokes marketing department and yelling at them. Anyone eles use that crap?

Ah, lessons learned...

[(H)elix1]

Alternative Minimum Tax laws are not just for the super rich. For those of us who happened to get in early enough into a dot com, work our asses off, go public, vest, exercise when they were high, hang onto the shares for 12 months for the capital gains taxes, watch the share price collapse in those 12 months, and got lucky enough to sell off before getting caught by some of the dumbest tax laws out there. I escaped by the skin of my teeth, and other I know did not.

SUNW at $85 was a deal. SUNW at $75 was even a better deal. SUNW at... Lots of new lessons on the stock market in general. Watched friends lose houses when trading margins.

PETS.com stock certificates made great white elephant gifts. Worth every penny. Just waiting for SCOX to get under $2 a share to do it again. It will be framed next to some of the other stinkers decorating my office.

Miss the beer in the soda machine. You can imagine our shock when a customer actually wanted a tab soda.

A Sun 440 is not needed for an email server. Makes for a lousy counter strike server too.

When the economy started exploding, the financials of the company were more important than the foosball table.

Remove the Diablo mule characters from CVS before you sell the company.

You can pour your heart and soul into work. Rarely matters. Never forget your family.

Re:The point of Flooz?

[adnoid]

I tried to convert my Beenz to Flooz, hoping to get Booze, but all I got was Fleez.