Which one of the following is given as a key reason why many of the dot-com companies failed following their IPO's?
A) Lack of a solid business model
B) Lack of internet access
C) Market crash in Asia
D) Change in government regulations
E) Program trading

Question

Quizplus · Accepted Answer

Many of the dot-com companies failed because they did not have a solid and sustainable business model. Many of these companies relied heavily on advertising revenue and had no clear path to profitability. As a result, investors lost faith in their ability to generate revenue and their stock prices plummeted.

Which One of the Following Is Given as a Key