Dot-coms closing at rate of one a day now

Dot-com closures are accelerating, with Internet startups now closing at the rate of about one a day, according to a new report.

The figures bring clarity to the endless announcements of young companies shutting down -- some of which launched amid great fanfare only earlier this year. Across the U.S. and Europe, 130 Internet companies have folded since the beginning of the year, with 21 in October alone. In November the rate of closures exceeded one a day, with 21 closures in the first half of the month alone, according to a study from Webmergers.com. Full story. -- Matthew Broersma, ZDNet UK