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Word: one (lookup in dictionary) (lookup stats)
Dates: during 1990-1999
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Omidyar seems to realize that given his anticorporate values, it's more than a little ironic that he's one of the richest human beings on the planet. And clearly he's uncomfortable with his wealth. "What one person needs, and what one family needs and all of their future generations need is a tiny, tiny fraction of this total number," he says of his net worth. "That means we have an awesome responsibility to see that the wealth is put to good use." In addition to eBay's foundation, Omidyar and his wife are developing one of their...

Author: /time Magazine | Title: Inside eBay.com: Coffee With Pierre Omidyar | 12/27/1999 | See Source »

...bustling public square to their computers for the anonymous encounters of cyberspace. With some justification, the pessimists can trace the decline of shopping, that most social of activities, from the mom-and-pop corner shop, where everyone knows everyone else, to the department store, where we might recognize one of the cashiers, and from there to the vast warehouse of the superstore, where no one knows anyone--and finally to the Internet, where human contact is reduced to the pulsing of electrons...

Author: /time Magazine | Title: Auction Nation: Auction Nation | 12/27/1999 | See Source »

...evidence suggests that eBay represents a return to that earlier one-on-one sociability--and maybe even improves on it, since the Net collapses the traditional divisions of geography and class. Wherever you plant your modem, the fabled new economy arrives--even in the boonies, as Patricia Hoyt calls her hometown of Baker, Mont., roughly 225 miles from the nearest big city, Billings. The old economy of oil and cattle has not been kind to Baker, and when oil prices dropped, business dried up at the motel Hoyt and her husband...

Author: /time Magazine | Title: Auction Nation: Auction Nation | 12/27/1999 | See Source »

...community angle is one that eBay executives work hard to promote. Users find electronic newsletters catering to their obsessive interests, visit chat rooms where buyers and sellers can get acquainted and swap tips, drop in at a cafe where they can catch up on the latest community news. Everywhere you turn--or click--you find the chipper, boosterish tone of a small-town newspaper--that is, a small-town paper with almost 8 million writers and readers...

Author: /time Magazine | Title: Auction Nation: Auction Nation | 12/27/1999 | See Source »

...Jupiter Communications, an e-commerce research firm in New York City. "A single point of sale can be used to reach an entire country or the entire world." As Jay Herratti, president of Boo.com North America, a sportswear e-tailer, put it, "We could be global from Day One...

Author: /time Magazine | Title: Clicks And Bricks | 12/27/1999 | See Source »

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