Word: ebay
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Dates: during 2000-2009
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Regardless of who is right, one thing is clear: the exchanges that get the early lead will hold it. Just like eBay, whose widespread network of buyers and sellers draws even more members and ensures its continuing dominance, the small-business exchanges with the most liquidity should remain on top. "The ability to find the transaction and complete it is the real issue," says Onvia CEO Glenn Ballman, whose company lost $43 million in 1999. "As long as we're able to bring enough buyers and sellers together, we'll survive." And small-business owners should be able...
...second time in a week I had been steered to PayPal. A few days earlier, I won an auction on eBay, and the seller's listing said he accepted payment through PayPal and Billpoint. I knew these were the two leaders in the online-payment field, with millions of registered users between them, but I had never used either one. I decided to give PayPal...
PayPal and Billpoint are a great way to make payments to individuals and small businesses. But the "killer app" right now seems to be auctions. PayPal is used in an estimated one-fourth of all eBay auctions. And Billpoint, which is partly owned by eBay and seamlessly integrated into its payment system, is used for many more. PayPal's website includes a handy list of ways you might want to use the service, from sending money to kids away at college to "collecting payments from co-workers for office pools." (Wait, aren't there laws about that?) But the truth...
...Babbage's Etc., the nation's largest specialty video-games retailer. Babbage's has prepaid orders from five times as many customers as it will have units for this week. A sign of the frenzy to come: a week before launch date, bidding for the $299 PlayStation2 on eBay had hit more than...
...with all the world watching on Friday - whither, boys? Bounce or bottom? - the Streeters punted. Some solid earnings from eBay, backing up a reassuring report on PC sales from Microsoft after the bell Thursday, floated pretty much everything tech up another couple of points after Thursday's buying hootenanny...