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This is an archive article published on October 22, 2000

Stocks of some dotcoms plunge, shattering life styles

WASHINGTON, OCT 21: The Wall Street Journal in an article today, noted the meteoric rise of some of the dotcom companies and their unexpec...

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WASHINGTON, OCT 21: The Wall Street Journal in an article today, noted the meteoric rise of some of the dotcom companies and their unexpected plunge, shattering the lifestyles of executives who had begun to live out their dreams.

James Cramer, who founded TheStreet.com, once had holdings worth $235 million. Now, with the stock down 95 per cent, they are worth $10.5 million. However, says the Journal, most Americans can only wish they were so unlucky. Not one of these Internet entrepreneurs is headed for the poor house. But there is more than a little gloating over their diminished fortunes.

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