Word: revolutionized
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Dates: during 1990-1999
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The troops are silent. Stunned. Amazon, profitable? It's autumn 1999. For years these people have been racing toward a horizon that no one, save perhaps their utopian-futurist boss, even really sees. They know much of the Silicon Valley/Wall Street/media complex believes the commodification of online retailing will lay...
Welcome to the eBay revolution. Auction sites are one of the hottest corners of cyberspace right now. Online bidders are eagerly competing for new ovens ubid.com and used microscopes going-going-sold.com) There are service auctions, where lawyers can underbid one another for assignments to register patents elance.com) and reverse auctions, where...
Some of the impact will be more profound. Online auctions may destabilize the notion of a fixed price, leading buyers and sellers in all kinds of transactions to negotiate more over what items should cost. And they are likely to further erode the economic barriers between nations, speeding the way...
A new kind of consumer is about to emerge as the Internet revolution spills over the edges of the computer revolution's territory. "The next wave is people who never wanted to buy a PC," says Barry Parr, an analyst at International Data Corp. Even as early as 2003, analysts...
Technology, in turn, has led to our obsession with ultraprecise timekeeping and time management. Before the Industrial Revolution, the exact time of day or year mattered only to those in specialized jobs, such as astrologers and sailors. For the rest, the day began at dawn, noon was when the sun...