VentureBeat - Latest Comments in Swoopo raises $10M more for “entertainment shopping”

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

Nick — Sun, 21 Feb 2010 19:05:48 -0000

I must say swoopo is probably one of the more legitimate penny auctions on the market, seeing how they were number one and the fact that we do get a lot of good feedback for them at http://www.pennyauctionscam... , we try to challenge penny auction site owners to reveal their business plan to create trust in the penny auction community

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

Tasiana — Mon, 14 Dec 2009 13:34:50 -0000

You are absolutely right!!!

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

entertainment shopping — Sat, 05 Dec 2009 02:01:09 -0000

Swoopo isn't so bad. Just know what your getting into before you start bidding.

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

entertainment shopping — Fri, 23 Oct 2009 23:14:06 -0000

Also, a good resource to keep up to date on the penny auction sector is www.pennyauctionwatch.com

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

PennyGrabber — Fri, 23 Oct 2009 23:10:24 -0000

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.

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

BidBlink — Fri, 02 Oct 2009 17:27:11 -0000

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.

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

Dubli — Mon, 08 Jun 2009 14:32:31 -0000

Love Swoopo?

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

Steam — Tue, 02 Jun 2009 09:24:54 -0000

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.

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

Jason — Tue, 05 May 2009 00:36:40 -0000

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!

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

Matthew — Wed, 22 Apr 2009 14:28:52 -0000

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.

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

Luciano Marquez — Sat, 11 Apr 2009 22:32:22 -0000

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"