When did eToys close?

2009
operations

When did eToys go public?

May 1999
The company raised $166 million when it went public in May 1999. On the first day of trading, its stock price on the Nasdaq StockMarket nearly quadrupled to about $76.50 a share. During its first holiday shopping season after going public, thesite was swamped with orders, as were other online toy sites.

What happened to eToys?

eToys.com was a retail website that sold toys via the Internet. It was established by a startup company of the same name in 1997. After an initial public offering in 1999, the company quickly shot up in value, becoming emblematic of the dot-com bubble. The company went bankrupt in 2001 and shut down soon thereafter.

What is eToys?

Etoys is a child-friendly computer environment and object-oriented prototype-based programming language for use in education. Etoys is a media-rich authoring environment with a scripted object model for many different objects that runs on different platforms and is free and open source.

Who bought eToys?

KB Toys
Citing debt of $247 million, eToys said in February 2001 it had no alternative but to file for bankruptcy. The site was bought out of bankruptcy by KB Toys, which later filed for bankruptcy itself. But eToys.com lives on, hoping the third time’s a charm.

What is Squeak eToys?

Squeak Etoys is an engaging computer, media-rich authoring environment and visual programming system for children built to help student exploration and discovery in learning and thinking deeply about powerful ideas in mathematics and science.

What is Squeak Etoys?

When did Etoys go public on the stock market?

Earlyinvestors included Intel Corp. and Sequoia Capital. The company raised $166 million when it went public in May 1999.On the first day of trading, its stock price on the Nasdaq StockMarket nearly quadrupled to about $76.50 a share.

How much did Etoys make in a quarter?

EToys had told investors to expect sales of up to $240 millionin the quarter ended Dec. 31, 2000, and an operating loss up to $67million. With that performance, all that was needed was one moreround of financing in 2001 before turning its first profit by 2002. But the Christmastime sales never came.

Is the Etoys web site going to shut down?

Its Web site is scheduled for an imminent shutdown, and its stock price is measured in pennies. Its cash will run out at the end of the month, and shortly after that the remainingemployees will leave their Los Angeles headquarters for the lasttime.

What did Etoys do to increase its capacity?

After the 1999 experience, eToys embarked on an ambitious andexpensive plan to increase its capacity and expand its productofferings. It spent $150 million to build two distribution centers — one inCalifornia and the other in Virginia. Together the facilitiescovered 2 million square feet.