In the latest quarterly report, the company showed strong growth from its B2B solutions. Actually, I visited the company several weeks ago and was definitely impressed. To me, it was kind of like a stock exchange. All auctions are conducted from the Pittsburgh office, where there is a physical trading room.
Bidders sit at desks that are hooked to laptops.
The room can be a Tower of Bable, as the participants speak different languages. Traditionally, such purchases have been inefficient. However, with the Net, the purchases can be centralized through live auctions. As a result, purchasers get better prices on supplies. Obviously, they do not.