Buy.com Not Going Public -- Maybe The Bubble Isn't Fully Inflated Yet

from the wonders-never-cease dept

Last month we pointed to Buy.com's IPO filing as yet another sign of a potential bubble. After all, this was a Bubble 1.0 era company with plenty of questions about it, that still wasn't profitable, trying to go public (for the second time) in the Bubble 2.0 era. However, it would appear that we haven't reached the truly bubblerific stage yet, because Buy.com has indefinitely postponed its IPO, citing (of course) current "stock market conditions" which is a really obvious euphemism for "our bankers couldn't find anyone to buy our stock." Considering the fact that major competitors like Amazon.com have seen their stock rise lately, the "market conditions" excuse seems particularly pathetic.
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  • identicon
    Galley, 22 Dec 2005 @ 3:54am

    Why not?

    There are only four online stores that I always turn to for my shopping needs: Amazon, NewEgg, CD Universe, and Buy.com.

    link to this | view in chronology ]

  • identicon
    Lou, 22 Dec 2005 @ 4:38am

    When Initial is not Initial

    More proof that the stock market can manipulate anything for profit - this is Buy.com's SECOND 'Initial' Public Offering. I guess my dictionary needs revised...

    http://news.com.com/Buy.com+bounces+back+to+IPO+market/2100-1030_3-5549598.html

    link to this | view in chronology ]

  • identicon
    Beck, 22 Dec 2005 @ 7:32am

    Good Site, Questionable Investment

    Buy.com has always been reliable for me. Good service and good prices, often better than the other online regulars. Right now they are selling books at 10% less than the same book on Amazon.
    All of this is good to see as a customer, but as an investor you'd have to wonder how they can ever provide a return on your investment.

    link to this | view in chronology ]

  • identicon
    anon, 22 Dec 2005 @ 9:01am

    No Subject Given

    Bah.

    Amazon, eBay, and Mwave.com

    'sall I need.

    link to this | view in chronology ]


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