The IT industry is in turmoil as the crisis hits. Woole.com shuts down and Ku6 transitions - Circle Posts

by nowpei on 2008-11-02 11:42:16

Under the overwhelming financial crisis, it seems that no industry can avoid being affected. Now, even the once booming Internet industry is experiencing a long winter: Internet companies listed on the US NASDAQ, such as portal sites and online games, have first suffered from stock price drop; Internet enterprises which take network advertising as their main profit channel will face the situation that the growth of network advertising slows down; and for the entrepreneurial websites which haven't been listed and gained profits such as video websites etc, they have to "cut weight" to spend the winter as the suddenly cut-off fund chain