More coverage of Columbia's decision to shut down Fathom. "The people who committed themselves to this believed that the Internet universe would expand at a certain rate and with a certain profile, and it didn't happen," Professor Richard Bulliet said. "It was a gamble, and it didn't work out. I don't think there was anything you could point to that would have made it work." Well that's a nice rationalization, but the numbers (number of web sites, number of web users, page hits) don't bear it out. What sunk Fathom was that students weren't willing to pay the prices required to make the investment-heavy initiative profitable. And why should thay?
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