Swoopo was a bidding fee auction site where purchased credits were used to make bids. Prior to changing its name to Swoopo in 2008, the website was called Telebid. Swoopo was operated by Entertainment Shopping AG and based in Munich, Germany. In March 2011, Swoopo's website became inaccessible, and a notice page claimed that Swoopo was experiencing "technical issues." On 26 March 2011, Swoopo's parent company filed for bankruptcy. On 8 February 2012, DealDash the longest running penny auction website in the United States acquired the domain Swoopo.com and the URL currently redirects to DealDash's own website.