Disney Internet Group Tumbles 32.7% on Report of Scaleback

Tech Movers

TSC Staff

01/29/01 - 12:33 PM EST

Disney Internet Group(DIG Quote) was down 32.7% in early afternoon on the heels of a Financial Times report that the company might scale back its online ventures and eliminate its Go.com portal. The company may also cut jobs, according to the newspaper. Parent company Walt Disney (DIS Quote) was up 0.8%.

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