At its height, in early 2001, Ricochet service was available in Atlanta, Baltimore, Dallas, Denver, Detroit, Houston, Los Angeles, Miami, Minneapolis, New York City and surrounding New Jersey, Philadelphia, Minneapolis-St. Paul, Phoenix, San Diego, San Francisco, Seattle, and Washington, D.C. Over 51,000 subscribers paid for the service. In July 2001, however, Ricochet's owner, Metricom, filed for Chapter 11 bankruptcy and shut down its service. Like many companies during the dot-com boom, Metricom had spent more money than it took in and concentrated on a nationwide rollout and marketing instead of developing select markets.