For every Amazon.com (NASDAQ:
AMZN) or Priceline (NASDAQ:
PCLN),
you'll find many more examples of web-based business that failed to
live up to their promise. Companies like WebVan, Pets.com and eToys.com
were once worth hundreds of millions of dollars, yet failed to survive
the eventual dotcom shakeout.
Others have managed to survive, but are mere shadows of their former selves. Case in point: online employment firm
Monster Worldwide (NYSE: MWW), which has seen its shares slide more than 90% since their peak in the summer of 2000.
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