Word: ebay
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...across the U.S., high-tech givers have been scaling back. eBay vice president Jeff Skoll, who commands a $2.1 billion net worth, pared his contributions from $47.5 million in 1999 to a still hefty $39 million in 2000. The cutbacks came as eBay's stock lost more than 70% of its value last year. At Kana Communications, a troubled software maker whose shares have fallen more than 98% from their 52-week high, the $1 million worth of stock that vice president Michael Wolfe pledged to Stanford a year ago nearly evaporated. By the time the school received and sold...
...Wouldn't be any worse? O happy day! Throw in some Street-beating numbers from Alcoa (for the Dow) and some bullish chatter - by analysts on Yahoo and eBay, and by Fed governors about the U.S.' chances of dodging a recession - and the market party was on. Both the Dow and the NASDAQ shot up early and stayed up late, and by day's end the industrials and techs had notched gains of 402 and 146, respectively. (That's 8.9 percent for the currently microscopic NASDAQ, by the way, its third-biggest percentage gain ever...
...average eBay user stays on the site for an hour and a half, which is an extraordinarily long time by Internet standards (even the bookish Amazon.com user only hangs around for 18 minutes). That's because visitors don't just bargain-hunt or post pictures of their mint-condition pool table; they build communities. Trust is a tangible thing in this world, with sellers receiving an all-important democratic rating based on how often they have delivered the goods as promised by the agreed-upon date. When suspect wares - like supposed organ sales - slip unseen into the massive mElange...
...deals with the Web auction giant. Disney auctioned off the "D" from the original Disneyland sign. Technology titan Sun Microsystems sold server hardware on the site with million-dollar starting prices. Yet despite such big-league partnerships, it's still the little guy that counts. Unlike your local mall, eBay would not survive for a second without mom and pop operations. Its entire success is predicated on extreme diversity. And you can forget about the pernicious influence of Madison Avenue. In this hypermodern arena of hard-core capitalism, Big Business is forced to squeeze its wares into the same...
...planet's surface and many centuries of our past. Our collective memories are inventoried here, albeit briefly. A quick search reveals current auctions for an ancient Roman coin, a chunk of the Berlin Wall and a Florida voting machine. They won't stay there for long. Items on eBay move at the speed of humanity. We may not be flying to the moon in 2001, but with eBay's help we're constructing something much more meaningful to the average ape-descendant...