Word: slowdowns
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Dates: during 2000-2009
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Although you'd think that eBay's flagship marketplace business, a site where people go to buy and sell stuff, would flourish in a downturn, it has stopped growing. It's still unclear how badly the credit crisis and buying slowdown will affect an e-commerce value site like eBay, which does half its business outside the U.S. During the 2001 recession, eBay's marketplace continued to thrive because of its Web dominance and discounted goods. Whitman at the time even crowed that "eBay is to some extent recession-proof...
Whitman, a.k.a. Blondie, her eBay nickname, had an impressive 10-year run, but when eBay's slowdown began, she tried to buy her way out of the problem, acquiring companies like PayPal, Skype, Shopping.com and StubHub to generate growth. Many were profitable but distracting, as problems like lack of trust and shoddy search technology continued to ail the auction site, the main revenue driver. "Meg was reluctant to expand things like customer service because it would eat into eBay's margins," says Jeffrey Lindsay, senior analyst at Sanford C. Bernstein...
...Harvard can’t have their expansion at the same rate we were thinking about two or three months ago, then of course the amount of benefits is going to have to slow down as well,” said Mellone. He added that this slowdown may be beneficial to the detail of the community planning process. In an interview yesterday, University President Drew G. Faust said that the timeline in Allston has changed. “I’m sure that what we thought we might do in the next decade is going to take longer...
...shock figure," says Ben Simpfendorfer, the Hong Kong-based chief China economist for the Royal Bank of Scotland. "I had expected exports to collapse in the final few months but not to this extent. There really isn't a precedent. It underscores the magnitude of the global slowdown and fact that it's spilling into China...
...riots come as Greece's center-right government is struggling to cope with a plague of scandals and an economic slowdown that threaten its slim one-seat majority in Parliament. "For the past five years, Greek citizens have realized that they live in an insecure environment, both socially and financially," said center-left opposition leader George Papandreou. "We must address responsibly the deeper causes of these phenomena." (See pictures of the recent riots in Belgrade...