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The bottom line is this: After raising $1.2 billion from public and private investors, Webvan Group Inc.'s creditors have $38 million in cash to divvy up, along with whatever money can be scraped ...
Webvan's other basic problem was Wall Street's dramatic U-turn toward dot- coms. When the company this year said it needed $25 million to keep going, it could not find any investors. "When we ...
Webvan has lost more than $1 billion and laid off 1,200 workers across the country. So Cumby is more skeptical of management’s confidence that it will find white knight investors to deliver the ...
Experts say that executives banging the customer service drum should take Webvan's demise as a clear message from investors: The days of brand building and market share ended more than a year ago ...
Ex-Netscape CEO Jim Barksdale has been tapped to join the board of Webvan. Both e-tailers have attracted big-name investors. The Webvan roster includes Softbank (which has a 14 percent stake ...
The money represents only a fraction of the $1.2 billion that investors sank into the company, among the Web's costliest flameouts to date. Some of those walking away with nothing from Webvan's ...
Experts say that executives banging the customer service drum should take Webvan's demise as a clear message from investors: The days of brand building and market share ended more than a year ago ...
It probably will not surprise long-time investors to see some famous e-commerce names on this list. Although Webvan, eToys and Pets.com were not large IPOs at the time ($375M, $166M and $83M ...
SAN FRANCISCO (CBS.MW) - Word of Webvan's final demise came as no whopping shocker, but it still feels strange ... kinda sad. CEO Robert Swan announced that "the clock had run out" on the produce ...
About 138 million shares of Webvan stock will be exchanged for all currently outstanding shares of HomeGrocer. Web grocers have been hit particularly hard on Wall Street since investors began to ...
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