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***mandy*** · 10-24-2007, 10:01 AM,

Quote: eBay, the world's largest online auctioneer and payments company, launched on Wednesday a Web site allowing ordinary investors to buy securities aimed at improving conditions in the world's poorest countries.

MicroPlace will allow people to invest as little as $100 to support development in impoverished areas.

So-called microfinance is the supply of loans, savings, insurance and other basic financial services to low-income households and businesses, typically without collateral. It is often conducted in emerging economies, where people cannot typically obtain bank loans...

full article: http://www.news.com/New-eBay-site-lets-p...g=nefd.top

FiberGuy · 10-24-2007, 03:10 PM,

PR Write Off

... that is unless they're going to charge those "poorest countries" a transaction fee.

Laughing7

bargainbloodhound · 10-24-2007, 05:18 PM,

Quote:"We aspire to break-even, and if and when we reach profitability, eBay intends to reinvest any profits back into its own social initiatives

eBay's own social initiatives: eBay Live, the annual office Christmas party :twistedevil:

EDIT: lurking in the related topics
3/31/2007 Ebay buys micro finance startup MicroPlace
http://community.tuliptools.com/index.ph...967.0.html