Word: ebay
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Dates: during 2000-2009
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...NAME, TEAM] Meg Whitman, eBay [SOLD*] $46 million [CURRENT**] $921 million [INDIVIDUAL STATISTICS] With Net auctions hot, ex-Hasbro exec bids up her portfolio...
Among high-fashion potentates, Arnault has taken an early lead on the Internet. Individually and through Europe@web, a holding company and incubator of new firms, Arnault has made lucrative early investments in eBay, LibertySurf (a European Internet-service provider) and Nomade (France's top Net portal). Coming soon: eLuxury, LVMH's luxury-goods portal, set to launch this month. "With our brands, we should be able to dominate on the Web as well," Arnault says, adding that he plans to take Europe@web public this year, possibly as early as next month...
...Mafiaboy, it was really you that hit ALL those ones in the news--buy.com E*TRADE, eBay?" writes a friend...
...DIMAGGIO Where have you gone, eBay? Joltin' Joe's items falter at Christie's auction...
Worse yet, many e-tailers depend solely on cheap prices to lure and hold fickle customers. That just deepens red ink without preventing shoppers from hopping to other sites with deeper discounts--to say nothing of auction venues like eBay. Online retailing "is not about the lowest price anymore," says Josh Goldman, the CEO of mySimon, a comparison-shopping site that describes more than 2,000 e-stores. What customers prize more, he says, are bells and whistles such as instant messaging, access to product specialists, and e-mail alerts of upcoming deals...