Some of my readers who missed the dotcom boom and bust from the early 2000s may not be familiar with FuckedCompany, a Web site that was dedicated to gloating about layoffs and other misfortunes at Web companies as the tech bubble popped. Although fairly popular at the turn of the century the Web site was nothing more than postings about which companies had recently had layoffs, rumors of companies about to have layoffs and snarky comments about stock prices. You can read some of the old postings yourself in the WayBack Machine for FuckedCompany. I guess schadenfreude is a national pastime.
The current financial crises which has led to the worst week in the history of the Dow Jones and S&P 500 indexes as well as worldwide turmoil in financial markets to the point where countries like Austria, Russia, Iceland, Romania and Ukraine had to suspend trading on their stock markets. This has clearly pointed to the need for another schadenfreude filled website which gloats about the misfortunes of others. Thankfully TechCrunch has stepped up to the plate. Here are some of their opening morsels as they begin their transformation from tech bubble hypesters into its gloating eulogizers
For some reason, I was expecting more leadership from Arrington and his posse. Anyway, instead of reading and encouraging this sort of garbage from TechCrunch it would be great if more people keep posts like Dave McClure's Fear is the Mind Killer of the Silicon Valley Entrepreneur (we must be Muad'Dib, not Clark Kent) in mind instead. The last thing we need is popular blogs AND the mass media spreading despair and schadenfreude at a time like this.
Now Playing: T.I. - Dead And Gone (Featuring Justin Timberlake)