QXL closes doors after 11 years
By Stuart Turton
Posted on 6 May 2008 at 17:39
QXL, one of the UK's first online auction sites, is closing its doors in the UK after 11 years of trading.
The auction site will continue taking bids up until 19 May, and cease trading on 30 May, at which time all accounts will be closed.
QXL was many people's first introduction to online auctions, but suffered badly at the hands of Ebay in later years. The company behind it, now named Tradus, has also had an up and down history, losing 99% of its stock value in the dotcom boom before recovering to be taken over by South African media company Naspers, which brought a shift in direction - with a focus on Eastern European markets.
At the time of closing, the company described the UK site as one of its smallest businesses and admitted it "hadn't put much money or investment into the site for the last two years."
The company refused to confirm how many employees would be affected, though it says they've been offered alternative jobs.
Is your business a social business? For helpful info and tips visit our hub.
- 20 years of PC Pro: our best covers
- Why we've closed the PC Pro forums
- How to turn off Google Location Tracking
- 20 years of PC Pro: our greatest review mistakes
- 20 years of PC Pro: our first A-List
- Wikipedia's "right to be forgotten" protest hits the wrong note
- 3D printing hits the high street for plastic selfies
- 20 years of PC Pro: What amazed us in our first issue
- How Google Glass ruined my lunch hour
- Smartphone battery packs: can a USB power pack beat the festival battery blues?
- How to sell more ebooks on Amazon
- 10 ways to make your business more secure
- Top five VoIP mistakes
- How to add in-app purchasing to an iPhone, Android or Windows app
- Remote-control ransomware: TeamViewer and software hardball
- Why laptops with serial ports matter to the Internet of Things
- Make your mobile battery last longer
- Small steps into handling Big Data
- Nexus 5: does it really run stock Android?
- How to get broadband to a garden office