May 18, 2000
9:33 AM Subscribe
First Boo.com goes down, now DEN. The Digital Entertainment Network is closing it's doors
after running out of cash. After raising over 33 million dollars, they burned it at rate of up to $3 million per month, pulled their $75 million stock offering, and with no revenue model in place, they had to close up shop, with 150 people suddenly out of work.
posted by mathowie (4 comments total)