At last Business.com to shut down

Posted on | November 12, 2010 | 1 Comment

Santa Monica-based Business.com is shutting down. The shutdown comes three years after Dex One paid $345M for Business.com. Business.com was ostensibly a B-to-B directory. North Carolina-based Dex One, is the current owner of Santa Monica-based Business.com.

Dex One said that “the Business.com operations are no longer viable and are not a part of our long-term plans.”

Business.com had been the latest success for Southern California entrepreneur Jake Weinbaum, who built the firm from a domain name into a firm with over $50M in revenues in 2007. Business.com was also known for its record breaking purchase of the Business.com domain in 1999, for a record $7.5M.

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