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During the last downturn, Internet spending suffered the most.
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But with the downturn in Internet advertising, which has led to the closing of several free access services, an AT&T spokeswoman said yesterday that the low-cost business model was no longer sustainable.
The company's Excite portal and other Web properties have been devastated by the downturn in Internet advertising, while its cable access business has been more costly and less hardy than the company had hoped.
Following the downturn for Internet stocks, the sector is now deep in correction.
Technology stocks mostly managed to stay above water, with the exception of a widespread downturn for Internet stocks.
And, despite the downturn, the Internet part of the home goods industry has been growing 20%-30 20%-30ear, Sun explains.
Moreover, the downturn in internet advertising seems far more a failure of the economy right now than a failure of existing advertising models.
"It's incredible to see the strength of the bull after all the market has been through lately: the resignation of Treasury Secretary Robert Rubin, speculation that the Fed could hike interest rates, a spike in consumer inflation and the downturn among Internet and brokerage stocks".
I date the turn of the tide to the downturn of the Internet economy.
We are in the worst economic downturn of the Internet age, and bloggers are making the most of it.
But the economic downturn and the Internet's inroads on print advertising have taken a toll on all newspapers.
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CEO of Professional Science Editing for Scientists @ prosciediting.com