eToys Falls 46.7% as End Appears Near
eToys
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was down 46.7% in preopen
Island
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trading after announcing late Monday that it would fire its remaining staff -- 293 employees -- in April.
The online toyseller also acknowledged that it faces delisting by
Nasdaq
if it cannot meet listing requirement within 90 days.
The company fired 700 people in January after a disappointing holiday season and it continues to seek a buyer.
