10 big dot.com flops

Remember Pets.com? 10 years ago, the Nasdaq hit its all-time high. Here are some of the biggest dot.com busts.

1 of 10
BACKNEXT
Pets.com
Pets.com
The Pets.com sock puppet has become synonymous with the dot.com bust.

The pet food and supplies company is perhaps the most recognized flop from the dot.com bubble because of its famous marketing campaign. Pets.com ran ads of a dog sock puppet interviewing people on the street. The mascot appeared in a Super Bowl commercial and even got its own balloon in the Macy's Thanksgiving Day parade in 1999.

But Pets.com's business model wasn't sustainable. The company lost $147 million in the first nine months of 2000, and the company was unable to secure more cash from investors. When Pets.com went public in February 2000, its stock started at $11 a share and rose to a high of $14. But the rally was shortlived and Pets.com's stock quickly fell below $1 and stayed there until its demise.

The company folded in November 2000, laying off about 300 employees.

The sock puppet wasn't out of work for long though. It resurfaced after auto loan company Bar None bought the rights to it in 2002. The sock puppet returned to TV and can currently be seen on Bar None's Web site.
NEXT: Webvan.com
Last updated March 10 2010: 9:38 AM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
More Galleries
The 10 most valuable global brands Apple has the most valuable brand in the world, up 67% over the last year, according to a BrandZ ranking. More
A life's work: Photos by Mary Ellen Mark The subjects of Mary Ellen Mark's photography ranged from celebrities to world leaders to those at the fringe of society, including prostitutes and the homeless. More
The 8 biggest job-killing companies Unemployment is at its lowest level since 2007, but some companies are still cutting lots of jobs. More

Special Offer