It would appear the the big VoIP bubble may be in the process of bursting. The first casuality? LiveVoIP, who actually started a little late in the game (2003), didn’t have much of a business plan except that it had something to do with Voice Over IP, didn’t gain much traction in the market, had poor management and supplier relations, and then went bust when the money ran out. Sound familiar?
Oh, and in typical dot-com failure fashion, the company’s management puts the balme for its downfall on everything but their poor judgement and execution. Seeing as I know it’s only a matter of time before the links stop working, I’ll quote from the website:
LiveVoip LLC has Ceased Operations and Filed for Bankruptcy. This action was taken after the company was unable to resolve issues with carriers over billing, mass credit card fraud, suppliers not delivering on what they had been paid for among other things.
A Stay Order is in effect at this time and all questions must be directed to our company lawyer. Creditors will be hearing from the Courts in due course.
LiveVoip LLC
United States Federal Bankruptcy Court District Montana
Case: 05-62057 LiveVoip LLC
Real classy, blaming your problems solely on your customers and suppliers. So it’s on to the next scam for these execs, I suppose?