USA: Webvan must drive fast to stay ahead of its losses
Time is of the essence for Californian grocery delivery company, Webvan.com. The Nasdaq Stock Market has given the group 90 days to get its share price above US$1 before it is delisted and, at its current rate of cash consumption, Webvan has six months before the money dries up. The race to find more big-budget and frequent online customers is on in earnest.
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