Hindsight Market

The Graveyard › 2002

Mci Inc

WCOM · Telecom & Media · NASDAQ · in our data November 24, 1980 to July 29, 2002 (21.7 years)

The first trading day in our data for Mci Inc is November 24, 1980 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on June 21, 1999, the market valued it at $180.0 billion. It ended in a collapse: the last trade was $0.24, -99.6% from its split-adjusted high. The delisting record says: likely failure.

1980-112002-07
Peak market value$180.0 billionJune 21, 1999
Highest split-adjusted share price$61.99June 21, 1999
Last share price$0.24July 29, 2002
From its split-adjusted high to the end-99.6%
Return over the days in our data-59.4%with dividends, before the last trade
Worst single day-92.8%July 1, 2002

Share prices are adjusted for splits and other share changes, so the high and the last price compare like for like; the peak market value is as it was on the day. The return covers the trading days in our data only: it does not include what holders received, or lost, after the last trade (a merger payout, a bankruptcy), and it does not reach back before 1980.

Could you have seen it coming? Play Dot-com

Also gone in 2002: Telecom & Media