Word: profiteering
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Dates: during 2000-2000
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This is one game where the bookies like it when customers win. Why? Partly because the bookies usually profit by adjusting their spreads and by constantly trading in the underlying markets to hedge clients' bets. More often than not, they come out ahead. "Last year our clients made more than they lost, yet we had a record year as well," says Michael Murray, associate director at IG Index, a London-based firm that pioneered financial spread betting 26 years ago and remains the market leader. IG Index set up shop as a financial spread-betting bookmaker, initially offering spreads...
...hilarious Internet natural (at least to my admittedly twisted mind) was that publishers and media people seem to see exactly this sort of monster whenever they contemplate the Net in general and e-lit in particular: a troublesome strangler fig that just might have a bit o' the old profit in it. If, that is, it's handled with gloves...
...particularly noted the power of non-profit organizations to affect change...
...clearly has an interest in the public sector or the non-profit...
Though consumers love to use bots to find a deal, wary merchants see them as agents for profit-busting bidding wars. Some sellers at first erected barriers to prevent these price-foraging bots from getting any information. Not a shrewd move, as online customers simply passed those sellers by. Others outsmarted the bots by listing a very low price and then, as the order was made, zapping the shopper with stiff shipping costs...