Word: ebay
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Dates: during 2000-2009
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...cerebral bent to his work. He actively seeks and hoards information, isolating and then coddling a nugget of curiosity until it blossoms into a sprawling research project. A few years ago, Ian decided he needed to understand economics, so he bought a batch of textbooks off of Amazon and EBay to work through. Most days, he says, he puts in an hour or so on Wikipedia. On a recent October afternoon, “William III of England” is open on his computer—just to look into some English history, he says. The accumulation of knowledge...
...young, untested companies get such generous taxpayer funding? Promising technology certainly counts, but it also pays to have potent political allies. Tesla, founded by the boyish 37-year-old Elon Musk, who made a fortune creating and then selling PayPal to eBay, has drawn support from California environmentalists and political figures such as Speaker Nancy Pelosi and Senator Barbara Boxer, both California Democrats, while Fisker's owners include Kleiner Perkins Caufield & Byers, one of Silicon Valley's most successful venture-capital firms, whose partners include former Vice President Al Gore. "This investment will create thousands of new American jobs...
...Moving into new businesses is no slam dunk. "There is always a risk when a company acquires a business that's outside their core competency," says Ivey. For example, when eBay gobbled up Skype, its plan to tap into Skype's massive customer base failed, and it's now selling Skype...
There is no fury like a software engineer scorned. Zennstrom, according to his critics, has apparently decided that if he can't have Skype, nobody will. His court action hinges on the allegation that eBay tinkered with his proprietary software in a move to replace it, thereby possibly voiding any future claims the Swede might have against it or Skype. The Scandis see it differently: "eBay is trying to take from Joltid what it couldn't buy," says London-based spokesman Mark Bolland, noting that the webphone company's source code is something Zennstrom and Friis have always jealously guarded...
...outrageous eBay auctions...