The 50 Worst Internet Startup Fails of All Time

48. Lastminute.com

Year Of Birth: 1998
Year Of Demise: Purchased by Sabre Holdings in 2005
CEO: Matthew Crummack
Founded By: Martha Lane Fox and Brent Hoberman

The travel site specialized in selling distressed inventory like vacant hotel rooms and undersold flights. In 2000, lastminute.com debuted on the London Stock Exchange with a booming first day, closing with a value of £768 million (roughly $1,238,937,600). Over the next six months, lastminute would see similar U.S. companies fall victim to the softening market and, to its own fault, perpetually delayed the unveiling of its reimagined website. A year after its initial flotation, the company’s stock price would fall 90% before being acquired by Sabre Holdings (the parent company of Travelocity) in 2005.



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