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150 Don’t Make Me Say I Told You So
Stock price
IPO (February 2000): $11
All-time high stock price: $14
November 2000: $0.19
Webvan.com
Business Model: Grocery delivery.
Launched: 1996
Closed: June 2001
Total Losses: $800,000,000
Stock price
IPO (November 1999): $15
All-time high stock price: $24.75 (estimate)
June 2001: $0.06
Note: The first day of trading, the stock soared 65% above the
initial offering price, giving it a value of $7.9 billion.
Chapter 4: The Most Common Investor Mistakes
