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About 80 percent of Internet businesses still standing today will give up the ghost in the next year or two, according to a study released on Friday by New York-based real estate firm Cushman & Wakefield and Rosen Consulting of Berkeley, Calif.
“The 80 percent number isn’t a shocker, it’s a number investment bankers have been citing for more than six months,” said Amanda Howard, senior analyst with Rosen Consulting. The projected dot-com demise could cost as many as 30,000 jobs, many of which currently exist in the San Francisco Bay Area, home to Silicon Valley and many Internet-related businesses.
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