10 Technologies That Faded Away
By siliconindia
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Tuesday, 08 November 2011, 01:36 IST
2. Webvan:
The online retailer who went bankrupt in 2001 after a great failure. The largest dot-com flop in history gave a facility of credit and delivery at the door within 30 minutes that consumer selected. The company's huge focus in infrastructure development and the expense on it was above the sales growth. This made the company to run out of money and the quality of their service and had to close down the cyber grocer. The improper organization and business model was the major reason for the failure.