Online laughing stocks

One irreverent internet site has started a new game: betting on dotcom failures. But it does have a serious side in highlighting foolish investments.

Three months after the plunge in the Nasdaq, the shakeout among internet companies worldwide is still going strong. And in some circles, dotcom failures have now become a serious spectator sport.

One site - based on the celebrity deadpool game, where players get odds on celebrity deaths for a particular year - tracks bad news about dotcoms with a 'told-you-so' relish. The site's name is a satire on US internet magazine Fast Company replace 'Fast' with the past tense of another F word.

Players are asked to pick five different companies a week, from anywhere in the world. When bad news about any of those companies is reported on the site, the...

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