Feeds

Letsbuyit.com very very nearly titsup.com

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

  • alert
  • submit to reddit

The essential guide to IT transformation

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)

5 things you didn’t know about cloud backup

More from The Register

next story
True fact: 1 in 4 Brits are now TERRORISTS
YouGov poll reveals terrible truth about the enemy within
Microsoft exits climate denier lobby group
ALEC will have to do without Redmond, it seems
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
BYOD's dark side: Data protection
An endpoint data protection solution that adds value to the user and the organization so it can protect itself from data loss as well as leverage corporate data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?