Ventro develops a marketplace facilator for life science products, using the Internet and electronic commerce to streamline the purchase of supplies. The U.S. online grocer Webvan has ceased its operations. on 7/16/2001 and has gone out of business. The California-based trader was finally unable to turn a profit and had to stop burning investors' funds. Two thousand workers will now lose their jobs in Chicago, Los Angeles, Orange County (CA), Portland (OR), San Diego, San Francisco Bay, and Seattle.