When the tech tide turned, CMGIs portfolio imploded, and its stock fell more than 99%.18 Global Crossing was a telecom infrastructure company founded in 1997 that built undersea fiberoptic cables to power the information superhighway. Backed by cheap credit and investor euphoria about future internet traffic, its valuation soared past $40 billion by 2000even though it had never posted a profit.19 Burdened with debt and overexpansion, Global Crossing filed for bankruptcy in 2002
Each new location brings new revenue
"FDA regulation is needed both to prevent kids from using these products and to create an incentive for manufacturers to develop the evidence that they can actually help smokers give up regular cigarettes," he said
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