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Cyberrebate.com, Inc. was an online retailer founded in May 1998 that went bankrupt in May 2001, after the collapse of the dot-com bubble. The company sold items at grossly inflated prices, as much as 10 times the list price, but promised customers a 100% rebate. [1] [2] [3]
In marketing, a rebate is a form of buying discount and is an amount paid by way of reduction, return, or refund that is paid retrospectively. It is a type of sales promotion that marketers use primarily as incentives or supplements to product sales. Rebates are also used as a means of enticing price-sensitive consumers into purchasing a product.
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The company was founded in 1999 as the website How2.com. In 2001, the company shifted its business to rebate and reward programs. Parago was founded by venture capital firm T. H. Lee of New York and was formerly known by the name Parago Rebates HQ. The firm has experienced significant growth and expansion in the early 2000s.
IBM also learned of Philips' and Sony's initiative. IBM convinced a group of computer industry experts (among them Apple, Dell, etc.) to form a working group. The Technical Working Group (TWG) voted to boycott both formats unless they merged to prevent another format war (like the videotape format war). The result was the DVD specification ...
Former logo (2014-2022) Zoom was founded by Eric Yuan, a former corporate vice president for Cisco Webex. [6] He left Cisco in April 2011 with 40 engineers to start a new company, [2] originally named Saasbee, Inc. [7] The company had trouble finding investors because many people thought the videotelephony market was already saturated. [7]