Word: aol
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...only counterproductive to a healthy economy and society, they are also, in the age of satellites and the Internet, futile. Among the most common sounds in Shanghai now is the chirping of cell phones. And last week I kept bumping into folks--from Yahoo's Jerry Yang and AOL's Steve Case to my dinner companion Liu Mingkang and Beijing Internet cafe founder Edward Zeng--who are launching digital-information services...
...billion-a-year discounted-designer-clothing market. In the past three months, more than 5 million bargain hunters looking for easier ways to shop 24/7 have visited the site, many attracted by the company's ads in magazines like Vogue and GQ or prompted by links from Women.com AOL and other popular Net portals. Bluefly's CEO, Ken Seiff, increased gross sales 140% in the past quarter to $1.1 million and attracted a $10 million investment from Soros Private Equity Partners. Without waiting for a profit, he has used the instant feedback that the Internet provides to renovate his virtual...
When buying on margin, an investor who wants, say, $5,000 of AOL shares need put up only 50% of his own money. The rest ($2,500) is borrowed from a broker. It's a tantalizing deal. If AOL's stock moves up, you make twice as much profit as if you had paid all cash. If the stock dives, though, that leverage works in reverse. But few investors seem to focus on the downside...
...ONLINE GENERATION Which city is home to the greatest number of wired kids? An AOL survey puts New York City at the top of the list. Nationwide, almost 5 million children under 12 log on daily; even kids ages 2 to 5 surf the Web, averaging three hours a week. Parents report that kids are more likely to fight over computer time than over use of the phone...
...AOL, knowing that giving up the identities of pseudonymous SFM4M visitors would have been PR poison for a sizable chunk of its customers, declined to lift its curtain of privacy for the prying eyes of concerned officials. So Klausner got San Francisco-based PlanetOut, an online service for gays, lesbians and bisexuals, to help him pepper SFM4M with warning messages about avoiding the disease (condoms, monogamy and penicillin?). Syphilis is easily treated if caught early, but if left alone, it causes chancres and lesions and eventually leads to insanity and death ? all the while increasing vulnerability to other STDs, most...