Auctionbytes-NewsFlash, Number 22 - February 15, 2001 - ISSN 1539-5065
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And the Hits Just Keep on Coming...
By David Steiner
AuctionBytes.com
Citing market conditions, eWanted laid off 20% of its staff, reducing the reverse auction site's staff to 55 people. InfoRocket, a site where users set a price value for a question that they would like answered, let nearly one third of their employees go. eWanted and InfoRocket were subsidized by a combined total of over $50 million dollars in venture capital funding.
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