Word: worthlessness
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...Priceline has excelled at liquidating products--plane tickets, hotel rooms, conceivably even produce--that have what economists call "time sensitivity." If airlines or hotels don't sell seats on particular flights or rooms for certain nights, those assets become worthless. Such businesses are a natural fit for Priceline, which formed partnerships with airlines and hotels. Travelers typed in their bids and picked up their tickets, and Priceline took flight, selling 20,000 tickets...
...full flush of the revolution, Hollywood ponied up $100 million for Reel.com Now, with the site's IPO canceled because of lack of interest and venture capital running dry, its e-commerce operations were halted. That left Thorsen's 32,000 shares worthless. "I used to think about buying a house and paying off my student loans," he says. "Now I'm thinking about unemployment...
...Just ask the 140 former employees at APBnews.com a Wall Street- based crime-reporting website that hired reporters for a salary in the low $40,000s--very low for a New York City dotcom--plus a meager 500 to 1,000 options. Once again, they turned out to be worthless when the site ran out of cash. As with most dotcom firings, the end was as swift as it was ignominious. News editor Jim Edwards returned from a vacation in Amsterdam to find his company had collapsed...
...options are seductive. Yet, in this example, if Oracle fails to reach $85 by mid-July, the call option will expire worthless, the entire $600 lost. That's the downside, the part that puts off sensible investors. More often than not, near-term options, even on a hot stock, expire unused...
...transportation is your friend. It may not run all night, but the T is by far the cheapest, easiest, most entertaining way to get around. Learn to love the Red Line and the Green Line, and even the Orange Line has its own special charm. (The Blue Line is worthless. If you're traveling from Logan, take a cab instead.) The best buskers are at Park Street, and the Harvard station gets its fair share of talent...