Hindsight Market

The Graveyard › 2002

Messagemedia Inc

MESG · Software & Services · NASDAQ · in our data December 13, 1996 to January 18, 2002 (5.1 years)

The first trading day in our data for Messagemedia Inc is December 13, 1996 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on January 26, 2000, the market valued it at $1.0 billion. It ended in a collapse: the last trade was $0.17, -99.2% from its split-adjusted high. The delisting record says: likely failure.

1996-122002-01
Peak market value$1.0 billionJanuary 26, 2000
Highest split-adjusted share price$22.19July 16, 1999
Last share price$0.17January 18, 2002
From its split-adjusted high to the end-99.2%
Return over the days in our data-98.1%with dividends, before the last trade
Worst single day-53.8%October 11, 2001

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 1996.

Could you have seen it coming? Play Dot-com

Also gone in 2002: Software & Services