Word: million
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Dates: during 1990-1999
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Voila! One to seven days later, yet another of Amazon's 13 million customers has been served...
...industry that's all of four years old, the dollar amounts are staggering: $4.5 billion in sales this year, and an estimated $15.5 billion by 2001. eBay is the dominant player in the online-auction world, with 7.7 million registered users bidding on some 3 million items. But other Internet heavyweights are hard at work trying to break off some of the market for themselves. Amazon.com added an auction site last spring. (It appears to be starting slowly; as of October, eBay had more than five times as many visitors as Amazon.com's auction site). Yahoo, the most visited site...
...square of the number of people on it. Every time a conventional online retailer adds a new user, it's just one more person who can buy its products. But every time eBay adds a new user, he can buy from or sell to any of the 7.7 million people already on the network. A retailer, in other words, is one to many, while eBay is many to many...
...Omidyar had lined up a venture-capital firm (Benchmark Capital, whose initial $6.5 million investment is now worth some $4 billion). eBay hired a marketing consultant to come up with the company's catchy, multicolored logo and confronted (and later defeated) threats from two new auction sites backed by well-funded big companies: Onsale and Auction Universe...
...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 had fun with: the seller who put a kidney up for sale (the bidding was up to $5.7 million before eBay called it off); listings for a bazooka and other military weapons (also yanked). And, of course, the 17-year-old boy who put his virginity up for auction...