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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 ...
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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 didn't help that while customers were slow to buy Webvan's munchies, investors had been too quick to buy its stock. Their early enthusiasm pushed Webvan to expand more quickly than was wise.
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 ...
Webvan, which yesterday said it will file for ... I certainly will talk to some of the key investors and shareholders and test the waters," said Drayton, who now works at Seattle Internet ...
In a related development, a lawsuit that is seeking class-action status was filed yesterday in a New York district court on behalf of all investors who purchased Webvan shares between Nov. 4 ...