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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.
Reader Comments
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Why not?
There are only four online stores that I always turn to for my shopping needs: Amazon, NewEgg, CD Universe, and Buy.com.
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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
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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.
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No Subject Given
Bah.
Amazon, eBay, and Mwave.com
'sall I need.
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