W. David Gardner: Lycos Inc., one of the early Internet companies that soared into the stratasphere before falling to the earth, has been acquired by an Indian company for $36 million. Lycos once commanded a valuation of $12.5 billion before Internet companies began unraveling more than a decade ago. Read that again, from $12.5 billion…
W. David Gardner:
Lycos Inc., one of the early Internet companies that soared into the stratasphere before falling to the earth, has been acquired by an Indian company for $36 million. Lycos once commanded a valuation of $12.5 billion before Internet companies began unraveling more than a decade ago.
Read that again, from $12.5 billion to $36 million – that’s a drop.
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