Webvan On A Crash Course?
from the bye-bye dept
I remember when Webvan first launched, a friend of mine sat down and did the math to point out that they weren't likely to be profitable for 65 years or something to that effect. I guess it's not such a surprise then that Forbes is predicting they'll be dead in six months or less. Their burn rate is ridiculous, they're running out of cash, they need a ton more customers (or customers to average $400 an order), they're likely to be delisted, they can't raise any more public funds, and most potential partners don't want to take on the expense. Basically, they're screwed.
Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.
While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.
–The Techdirt Team
