Feeds

Letsbuyit.com very very nearly titsup.com

We don't want to say we told you so, but...

  • alert
  • submit to reddit

High performance access to file storage

Flawed online bulk buyer Letsbuyit.com needs £50 million by tomorrow or it will join the most illustrious of the titsup.com companies.

The company with big plans but an unsustainable business model stopped trading just before Christmas. It called in the administrators but even they couldn't find a way of saving the site. A few at the company are still clinging to the belief that someone will be daft enough to stump up £50 million to be sucked into the vortex. It seems somewhat unlikely.

We can't say how the impending doom has affected the company's share price because its shares were suspended when it called in the receivers.

Letsbuyit is up there with Boo, Clickmango, Boxman and TheStreet.co.uk is terms of high-profile dead ducks. All of them were borne out of that year of Internet madness when the world saw the gold rush start all again, and with the same catastrophic results. They'll all make an interesting bootnote in history. ®

Letsbuyit Stories

CoShopper in talks to buy Letsbuyit.com
Letsbuyit.com bosses resign en masse
Letsbuyit shares go down the toilet
Letsbuyit.com teeters over debt abyss
Letsbuyit wants £48m to help it into the black
Wanted: Strategic buyer for Letsbuyit.com
Letsbuyit no longer illegal in Germany?
Letsbuyit.com too sexy for stuffed shirt
Letsbuyit boosts sales and slashes staff
Letsbuyit.com ducks out of float
Letssellit.com. Oh dear, oh dear
Letsbuyit.com float on again
Letsbuyit.com pulls out of IPO (again)

High performance access to file storage

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Nokia offers 'voluntary retirement' to 6,000+ Indian employees
India's 'predictability and stability' cited as mobe-maker's tax payment deadline nears
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
France bans managers from contacting workers outside business hours
«Email? Mais non ... il est plus tard que six heures du soir!»
Adrian Mole author Sue Townsend dies at 68
RIP Blighty's best-selling author of the 1980s
Analysts: Bright future for smartphones, tablets, wearables
There's plenty of good money to be made if you stay out of the PC market
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.