Go Back  DVD Talk Forum > Shopping Discussions > Store Forum
Reload this Page >

Buy.com out of cash soon?

Store Forum Share Your Shopping Experiences at Stores both Online and Off.

Buy.com out of cash soon?

Old 05-09-01, 12:37 PM
Thread Starter
Join Date: Jun 1999
Location: Cincinnati, OH
Posts: 82
Likes: 0
Received 0 Likes on 0 Posts
Sorry to see them go if it happens. I really enjoyed their $10 of $30 for "new" customers.



Buy.com may only have a limited amount of time to turn its situation around. The e-tailer said that it burned through $33.7 million during the first quarter, leaving only another $33.7 million in cash and marketable securities, $20 million of which is restricted under credit obligations.

Kathman noted that in its fourth quarter 2000 financial results, the company's previous management team had stimated it would have between $45 million and $50 million on hand by the end of the first quarter.

"They're burning through cash quicker than they wanted to, and if they run out of money then that's it," Kathman said.

Kathman thinks that it is unlikely that the e-tailer will be able to secure additional funding in the current market. If it were to do so, he predicted that the funds would likely be "death spiral funding," which would likely require Buy.com to give away a "huge chunk" of the company in order to survive.
Old 05-09-01, 09:01 PM
Join Date: Apr 2001
Posts: 378
Likes: 0
Received 0 Likes on 0 Posts
i guess we'll just call them buh-bye dot com

Old 05-09-01, 09:10 PM
Senior Member
Join Date: Sep 2000
Location: Tulsa
Posts: 892
Likes: 0
Received 0 Likes on 0 Posts
The race is still on. I ordered Dogma:SE over 6 months ago, and I've been wondering if they'll still be around to deliver it when it finally comes out. The funny thing is they finally redesigned their site and got a real search engine just in time to go away. I guess we can look forward to %10 off pre-orders at Amazon.
Old 05-10-01, 12:49 PM
Senior Member
Join Date: Sep 2000
Location: San Francisco, CA
Posts: 799
Likes: 0
Received 0 Likes on 0 Posts
This sucks. I know they have been going downhill for awhile with their prices increasing and lack of coupons, but I still have that $10 Digital Neighbors gc sitting in my account that I need to use...guess I should spend it soon...they haven't had a decent coupon in ages and I guess they won't know....

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Thread Tools
Search this Thread

Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service -

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.