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I was expecting a list of actual business failures with maybe some facts or history, but it's essentially a joke site.

Sounds like you were expecting fuckedcompany.com.

I miss FC. That was /. standard reading in 2002-5. Obligatory waves to all who had <= 6 digit user ids and posts back then.

unfortunately, it was never planned that way :(

it was a result of boredom from day job.