mypoints.com bankrupt?

Keep your flamethrowers at bay! This is NOT a deal -- but I figure if people can post about redgorilla.com going under ... From ****edcompany.com: Quote: MyPoints.com managed to spend $14 million to generate $13 million -- and are laying off 120 employees out of 360. When: 10/16/2000 *observes a moment of silence* __________________ well, if Pets.com can survive spending $40 million to get less than $4 million, then MyPoints should be ok. They might not be around in the same way in 2 years, but in 2 months, they should still be ok. A $1million loss/month is GOOD for a dot com __________________ That's pretty good considering most initial e-tailers are more suicidal. __________________ Hmmm...they only lost $1 million? I'll bet their stock went UP when they announced that! __________________ Well there is a compnay that supplies AOL with hardware that helps them operate. They are called something like inginuity or something like that. They IPO'd awhile ago and was one of the biggest IPOs ever. They raised over 1.4 billion I think. They are spending roughly 500 million a quarter and are about bankrupt I think mypoint will be OK. A million is nothing for a dot com anymore __________________ The venture capitalists, the banks, NASDAQ, Wall Street, etc. are no longer rewarding dotcoms who can not justify their existence. The days of throwing good money after bad money are over. There have been 18,000 people laid off in the past 6 months in the dotcom sector and more are coming. __________________ people posted about RedGorilla, it was because people had spent money there. It maybe needed moving, too, but... Anyway, this is not a deal, and therefor belongs in this forum. Everyone has heard the expression "Two wrongs don't make a right" haven't they? __________________ oooooh my first got|apex? infraction! /me prints this out and frames it. Mavi forum