A small company in Woburn, Mass., called FairMarket is set to unveil an auction system that will coordinate listings and bids across a hundred online services, including those run by biggies like Microsoft, Dell, Lycos, Excite@Home and Earthlink. Microsoft, Excite@Home and Ticketmaster-City Search are getting a piece of FairMarket as part of their participation. MORE >>
New Auction Network to Challenge eBay
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How big is eBay? The 3 million auctions
taking place at any given time on the site appear
to be twice that of the rest of the web auctions
combined. Despite eBay's series of nasty
crashes, it's a lead that just keeps getting bigger
as the growing variety of listed items attracts more
buyers, which in turns attracts more sellers. How
to fight the network effect, a rule that says
networks - be they made up of fax machines,
e-mail or online auctions - become exponentially
more useful with more users? The answer is
simple - with a network.