Word: ebay
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...eBAY Man admits conning $37,000 out of auction website's patrons. Caveat emptor, Netizens
...year ago, we were getting lots of sideways glances," says Jon Corshen, V.P. of product marketing for Tradex, based in Tampa, Fla., which built the Metalsite vertical market and NTT's internal marketplace, among others. But eBay's rousing success last Christmas solidified the idea's legitimacy. "Since January," he says, "you can't stop hearing about marketplaces. People are figuring out that if you're just sitting there with a Rolodex, you may be at a disadvantage...
...think it's a bad market for quality companies," says Jay Walker, founder of Priceline.com a money-losing e-commerce site whose value soared 10-fold, to $23 billion, a month after its March IPO and is now at $13 billion. "If eBay went out today, it would still soar. But the fantasy stocks are back where they belong. People are looking for real traction, real sales, real growth." And maybe a little panache...
...result is virtual societies like Ultima Online, which in two years amassed 125,000 players so fervent that pieces of exclusive real estate on the Ultima site--think of it as the Ultima in-game equivalent of a duplex on Manhattan's Upper East Side--regularly sell on eBay for more than...
Well, millions of Quake freaks would beg to differ, but there's no doubting the depths of the Everquesters' passions; already tales are circulating of companies' banning the game from their in-house machines and college girlfriends stealing the discs from their boyfriends' PCs. Last week eBay had 140 virtual Everquest items up for auction: weapons, spells, even the game's currency trading for U.S. dollars--what one might call a cyber exchange rate...