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eToys.com
Business Model: Online toy retailer
Launched: 1997
Closed: February 2001
Total losses: $247,000,000 in debt at bankruptcy.
Stock price
IPO (May 1999): $20
All-time high stock price: $84
February 2001: The company declares their stock is “worthless”.
Note: The first day of trading, the stock soared to $77 per share,
giving it a value of $7.7 billion dollars.
TheGlobe.com
Business Model: Social networking service.
Launched: 1995
Closed: 2008
Total losses: Not available.
Chapter 4: The Most Common Investor Mistakes
