Literary chaos unfolds as Australian online bookseller, Booktopia, goes into voluntary administration. The retailer is literally haemorrhaging money, having posted a 16.7 million dollar loss for the six months leading up to December 31 last year as well as seeing their stock plummet from $2.86 a share (in 2020) to, most recently, 4½ cents.
The question now remains, what happens to the customers who have unfulfilled orders?
Yours truly being among those said customers.
I honestly don't know how these things work when a business goes under and services are still required. I've never been in this sort of situation before. I guess I'll find out.
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