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Why do dot-com companies keep going bankrupt?

Asked by Charlie Reeves — Apr 12, 2001 — Business & Finance Open

I don't understand the dot-com crash. Companies like Pets.com, Kozmo.com, and Boo.com raised hundreds of millions of dollars and then just disappeared. What went wrong? Did people actually think these business models made sense? I thought the internet was supposed to make everything better. Is the whole tech sector done for?

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