IS THE WORST YET TO COME FOR INTERNET SHOPS?
But the worst may be yet to come. By yearend, the number of i-shops may be halved, or worse, analysts say.
“Yes, companies are going to go bankrupt. Yes, companies are going to get bought,” says Steven Birer, a managing director at investment bank Robertson Stephens who follows i-shop stocks. “The pyramid on which this whole thing had been built — the constant inflow of funds — dried up”
Althougth the last couple paragraphs are cheering, at least for me…
Still, one key to staying alive may be to specialize. Now, companies that once offered everything are rethinking that approach.