While it's hard to say when the dotcom bubble began to burst, it's now officially clear when the internet stock bubble ended, which would be today. With the NASDAQ taking the first dip to 1996 levels, it's time to grab a Webvan-delivered 40oz out of your orange Kozmo-surplus bag and tip it in honor of all them Pets who still can't drive.
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.
The delay in adding new top level domains drags on, and there seems to be no solution in sight. ICANN can't agree on whether or not to add new TLDs like .biz, .cars, or .corp., but they are discussing it at an upcoming meeting in March. I would hope they add enough domains to make domain squatting difficult, but I bet large corporations will just buy everything with their name it anyway, and fight over others' use of their name with a different TLD. What a mess.
Homepage.com just received $12.2 million in financing today. I've never heard of homepage.com, but they claim to have 550,000 users and 1 million daily pageviews. I suppose it must be the draw of the lackluster former TV stars they have peddling their service. Gilligan and The Beav sure make me want to launch a new site...
Gomez.com looks like they're doing the same thing that Bizrate is doing: rating the dotcommerce companies. It seems like a lot of companies have been copying the Amazon interface, now I see why. In the 'Ease of Use' category, Amazon is number one in books, toys, and music (they would have swept all their categories but Borders won for Video).
Salon is running a piece on how the internet has ruined San Francisco. I have to say I agree 100%. I've lived in Southern California all my life and S.F. has historically been a much cooler, mellower place that I looked forward to visiting. But over the past couple of years, I've found myself travelling up there once every couple months, and every time I go it's busier, more crowded, and everyone is in a bigger hurry. For me, the mystique of S.F. is totally gone. The dotcom riches have ruined the place. [found at Camworld]