Word: timed
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Dates: during 1990-1999
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...shutdown in August that sent eBay stock plunging 10%. The stakes were higher than ever because the eBay staff was well aware that thousands of individuals outside the company--single mothers, disabled people, seniors--were supporting themselves by selling on eBay. "It was probably the single most stressful time we've had at eBay," says Skoll of the August crash. "Poor Meg would catch an hour's sleep on a cot and then have to face the TV cameras." There have also been occasional embarrassments (and some probable hoaxes) that the press--and late-night talk-show hosts--have...
...real genius of eBay is its success in building a community--"maybe the most real community on the entire Web," says Whitman. There's no question people like hanging out in eBayland. The site gets more than 1.5 billion page visits a month. And at a time when the Internet mantra is "stickiness"--how long users stay on a website--eBay is cyberspace superglue. Each visitor to Amazon.com spends an average of 13 min. a month on the site. On eBay, each visitor's monthly average is about...
...ethics used to be that you bought things for yourself," she notes. And she objects that eBay's efficiency is making it harder for bargain hunters like herself. A friend recently tried to buy a Pink Floyd eight-track tape on eBay--and watched as it sold for $227. Time was, Hoff says, when you could find eight-track tapes selling for a quarter at thrift shops. "Now everything goes for the highest price anyone in the world is willing to pay for it," she says. Hoff is worried that online auctions may ultimately spell the end of flea markets...
Consider Carol Sangster of Edmonton, Canada, who seven years ago had to quit her job as an engineering clerk at Canadian National Railways because she was struggling with systemic lupus and diabetes. For several years, she fought for her life. In time she partially recovered. "I became well enough to be bored," she says. Then, 18 months ago, she discovered eBay...
...warehouse a few miles away, where he stores the treasures he has gleaned from scouting estate sales and flea markets. From a cramped, windowless cubicle, he monitors the hundreds of auctions he has posted--moving anywhere from $40,000 to $75,000 a month. He has hired a full-time employee to oversee his eBay business and plans to move to a new space complete with a miniprocessing center...