Word: buts
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Dates: during 1990-1999
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Today's frontier is hidden from the physical world, burbling and buzzing along the interconnected wires, routers and computers of the Net. But the possibilities for trade are far more fabulous than could ever have been imagined 100--or even 10--years ago. That's where Bezos comes in. His...
But Amazon's losses are also a sign of the New Economics of Internet commerce. These new rules spring from the idea that in the new global marketplace whoever has the most information wins. While it used to be sellers who had all the information, buyers are getting smarter and...
No venture captures these new infonomics better than eBay, the four-year-old auction site. The eBay miracle isn't that it allows you to clean out your attic at a profit--though that's not a bad invention--but that it changes the whole way that we set prices...
Applied to the world of calculators, that's something of a curiosity. But applied to everyday retail, it's a revolution. The idea of fixed prices is only about 100 years old. Before then nearly everything was negotiable. The last great retail revolution was mail order, led by Sears, Roebuck...
If all goes according to his daring--some might say outlandish--plan, this warehouse will be at capacity within the next few years and will handle everything: washing machines, cars, rubber gaskets, Prozac, exercise machines, marmalade, model airplanes, everything but firearms and certain live animals. You name it, Amazon will...