Word: ebay
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
Server problems brought down eBay's online auctions for more than five hours Monday, making it impossible to post bids or new auction items from roughly 8:30 a.m. EDT to 2 p.m. EDT. The outage affected nearly two million on-going auctions, and is just the latest in a string of service snafus that have marked the length of eBay's hyper-growth...
...latter of which he would later sell to AOL for $70 million. The soft-spoken, laid-back Connecticut native and Ohio Wesleyan University math major has never looked back, riding the trend to a personal net worth of $2.5 billion. Regrets? He passed up a chance to invest in eBay, the wildly successful Internet auction house. Wetherell figures that oversight cost him $4 billion...
When Internet stocks and other market darlings such as cable and computer companies hit the skids early last week, a cry arose from the cobwebbed corners of Wall Street where things like dividends and profits are revered--finally, the curmudgeons could crow about reality setting in. EBay, selling at 8,000 times earnings, had been exposed; Net mania was over. By week's end, though, those who would deflate the bull market in profitless companies got a familiar lesson: bubbles die hard, and this one still...
...know the Internet is cool, fun and convenient--and fast becoming indispensable. What we don't know is whether Internet companies are worth the stratospheric prices they command in the stock market. That's the big risk you take in owning high flyers such as eBay and iVillage. Sure, they keep going up. But with little or no earnings, it's tough to gauge their ultimate value--and, possibly, not since William Henry Seward paid the Russians 2[cents] an acre for Alaska has a population (Internet junkies, in this case) been so thoroughly taken to the cleaners...
...took the pros years to catch on, maybe these companies are more valuable than the revised opinions as well. I wouldn't get carried away with this logic. EBay at 7,600 times earnings a share (market average: 28) is a huge leap. There are good reasons to hop the Internet rocket. But do it on pullbacks, with a fund or basket of stocks--and money you can afford to lose...