Английская Википедия:CyberRebate
Cyberrebate.com, Inc. was an online retailer founded in May 1998 that went bankrupt in May 2001, after the collapse of the dot-com bubble.
The company sold items at grossly inflated prices, as much as 10 times the list price, but promised customers a 100% rebate.[1][2][3]
The company relied on the assumption that 50% of its customers would neglect to apply for their rebate.[4][5]
History
Joel Granik, Joseph Lichter and Athan Vadiakas started the website on May 16, 1998. By November 2000, the company claimed to have rebated $39 million to its customers.[6]
In January 2001, it was the third–ranked online retailer in the United States and had 7.7 million web users per month.[4][7]
The company filed for bankruptcy protection under Chapter 11, Title 11, United States Code on 16 May 2001, citing $83.3 million in liabilities and $24.5 million in assets.[7] Approximately $80 million was due directly to customers in unpaid rebates.[4] At the time of the bankruptcy filing, there were 9 customers that were due pending rebates of $79,000-$100,000 each.[8]
In April 2005, some creditors were awarded $0.08802 per dollar of allowed claims. A second, final disbursement was made to creditors in August 2006 for $0.0006276 per dollar of allowed claims, or roughly $1 for every $1,600 claimed.
References
- Английская Википедия
- American companies established in 1998
- Retail companies established in 1998
- Internet properties established in 1998
- Retail companies disestablished in 2007
- Defunct online companies of the United States
- Defunct websites
- Online retailers of the United States
- Dot-com bubble
- Страницы, где используется шаблон "Навигационная таблица/Телепорт"
- Страницы с телепортом
- Википедия
- Статья из Википедии
- Статья из Английской Википедии
