Word: kozmo
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Since its debut last year, the website Kozmo.com has quickly developed a secure place in the hearts and wallets of Harvard students. Offering free delivery of movies and snacks, Kozmo has a powerful appeal in the apathetic Harvard social scene because it places an evening's entertainment only a few mouse-clicks away. Despite its popularity, Kozmo is running at a loss. To boost profits, the company decided to request liquor licenses to deliver alcohol...
However, this scheme came under fire from officials at several Boston universities, including Harvard. Their ire, coupled with the fact that Harvard owns the Allston warehouse that Kozmo operates out of, led Kozmo to recently withdraw its request for a liquor license. Instead of making a reasonable effort to compromise, the University inappropriately exerted its influence to squash private enterprise...
...plan unleashed a fire storm: six lawsuits; separate investigations by the FTC and the states of New York and Michigan; and a mess of bad press. But it wasn't until the company's stock plunged and two key business partners--Altavista and Kozmo--broke ranks that DoubleClick finally backed down. "I made a mistake," said CEO Kevin O'Connor, whose $1.7 billion purchase last fall of tracking data from Abacus Direct alerted privacy watchdogs that something was afoot...
...alliance with Ticketmaster will make Kozmo the exclusive immediate delivery provider for the citysearch.com network of city guides. Information about Kozmo.com will also be featured prominently on the citysearch.com website...
...Kozmo's Weddleton says the firm is serious about growth: The company plans to be in Chicago and Atlanta soon, and expects to cover 30 locations by year...