Word: ebay
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Dates: during 2000-2009
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...bought out the leftovers of old and discontinued models from the major shoe companies. These pristine, never worn, never even laced shoes are known as deadstock to sneaker freaks, and a particularly sought-after pair (like original Nike Air Jordans) can easily fetch as much as $1,000 on eBay or the sneakerhead websites. At those prices, these prized pairs stay off the feet to maintain their mint condition...
...Yeah, we love Frodo, but who's that elf?'" says Jasparina Mahyat, 36, a Singaporean wife and mother who spends seven hours a day maintaining Orlando Bloom Multimedia (orlandomultimedia.net). Younger fans paper their bedroom walls with posters. They kiss their Orli pillowcases ($9.99 on eBay) goodnight. And they flock to online message boards like "Orlando Bloom Is 100% Buff" to read and post news. (And gossip - is he, like, really going out with Kate Bosworth, that blond girl from Blue Crush? He won't say.) According to the search engine Lycos, Bloom has owned the title of most popular male...
Most internet start-ups died long before they got old enough to earn a living. But eBay skipped adolescence entirely--heading straight to profitability--thanks largely to Meg Whitman, 46, a seasoned marketing executive who in 1998 began overseeing the online curiosity that rapidly morphed into the world's most successful e-commerce company. Valued at $32 billion, eBay handles transactions worth $59 million a day, or $684 a second. Mom-and-pop shops peddle their wares alongside IBM, Kodak and Sears--and many stake their livelihood on the digital marketplace. "I think there's a minimum...
...Given eBay's sensational ascent, it's hard to fathom the considerable prodding it took to get Whitman on board. Then at toymaker Hasbro, she hesitated to uproot her family from Boston to join "this obscure Internet company" out in California. And even after she signed on, there were difficult times. The falling Internet sector dragged the company's stock down to a low of $30 a share. And in May a federal jury ruled that eBay should pay $35 million in damages for infringing on the patent of a Virginia firm that developed fixed-pricing technology; eBay has challenged...
Whitman credits eBay users, to whom she's fiercely loyal, sometimes fielding their questions by e-mail. "I don't feel like I preside over anything because it is truly the community of users who have built this company," she says. A Princeton economics major with a Harvard M.B.A., Whitman speaks in measured sentences, but her easygoing nature and sense of humor are evident, even when she reveals a foible: after having kicked her coffee habit for nine months, she admits she's hooked again. "Unfortunately, I'm back on caffeine," she says, laughing. And the whole company can feel...