said today it is going out of business as of March 31 because of the decline in online advertising spending and its inability to secure funding.
A joint venture of
, Work.com is a general-purpose Web site for small businesses. It will lay off its entire 113-member staff.
Work.com is headquartered in Redwood City, Calif., with offices in New York and Chicago. The site lasted less than a year after launching in April 2000.
Shares of Dow Jones fell $2.24, or 4%, to close at $52.80 on the
New York Stock Exchange
. Excite@Home's shares dropped 28 cents, or 5.3%, to close at $5 on the