DISQUS

VentureBeat: Swoopo raises $10M more for “entertainment shopping”

  • Luciano Marquez · 8 months ago
    WOW, I've always said it many time before and this new new auction system proved it, People are idiots when it comes to math. I just watched Swoopo sell a Nintendo DS that anyone can pick up at Walmart for $140.00 plus state tax, for about $290.00(That is the selling price plus their .75 per bid fee)!!! Genius!!! People are sheep and people are fools! Best of luck Howard Hartenbaum, as David Hannum said "there's sucker is born every minute"
  • Tasiana · 6 days ago
    You are absolutely right!!!
  • Matthew · 8 months ago
    One thing I don't understand about the Swoopo model:

    It seems as if they're printing cash. I mean, by standard start-up standards they're VERY profitable. So why raise more funds? Can't this business capitalize itself?

    Regardless, I think it's an interesting business model and it'll be interesting to see where it goes.
  • Jason · 7 months ago
    Luciano, People are idiots? The people that use swoopo are, there are swoopo clones out there now that have the same stuff swoopo does without all the bidders. I visit those sites and get great deals, the newer the site the better, well off to Bidzooks!
  • Steam · 6 months ago
    You're actually correct Jason, sites with basically the same mechanics as this one are continually growing in numbers and you'll get a much better deals too because you won't be up against many bidders. People just need to read the manuals for the bidding systems first before participating in the bids.
  • Dubli · 6 months ago
    Love Swoopo?

    You will Love This...

    http://www.Vabang.com
  • BidBlink · 2 months ago
    Right now there are so many competitors in this space but a few of them are getting the venture capital to market themselves. We may see some consolidation and/or fall of over the next few years. It will be interesting to watch. Until then, go find a new and upcoming penny auction site with little to no traffic so that you can score great deals. Don't forget to read reviews about them first to make sure they are on the up and up.
  • PennyGrabber · 1 month ago
    Indeed! There are so many who try to enter this industry with little intention of running a legit, and honest website. Many of them eventually fold. In the end, the true, and tested penny auction sites will remain. Hopefully few in number.
  • entertainment shopping · 1 month ago
    Also, a good resource to keep up to date on the penny auction sector is www.pennyauctionwatch.com
  • Adam · 2 weeks ago
    Hi to all! Check this website which provides useful infos about the Penny Auction sites like swoopo, bidray, etc Also, providing various bidding strategies that are needed once you buy bids to bid on Penny Auctions.
  • Adam · 2 weeks ago
    Hi to all! Check this website www.pennyauctioninfo.com which provides useful infos about the Penny Auction sites like swoopo, bidray, etc Also, providing various bidding strategies that are needed once you buy bids to bid on Penny Auctions. Got useful information from there. :)
  • entertainment shopping · 2 weeks ago
    Swoopo isn't so bad. Just know what your getting into before you start bidding.