Wanna buy a company? Try eBay.
28 May 2007More and more companies are turning to online auction giant eBay to liquidate themselves.
More than 10 dot-coms have recently sought buyers on the popular auction site. Search engine DigForIt.com sold for $25,400 this month after promising bidders “great revenue potential.” SynapseLife, an online calendar and organizational site, sold for $60,000 despite warning it had “no advertising revenue.”
It’s an increasing trend and with the ease and speed that some of these internet companies are popping up, not necessarily surprising. Previously, when a company wasn’t making a good go of it, they sold out to another big company privately or went bankrupt. Now, with the power of eBay, they can offer themselves up publicly and for an auction format.
[tags]ebay,liquidate,web 2.0,company[/tags]
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