Bronte Media

Billions Won and Lost

September 30th, 2005

They say the most important person in a hotel to know and get to love is the conceirge. They see everything. Perhaps the same is true for hearing and taxi drivers.

Om Malik points to one rumor about how the rumor spread that eBay would buy Skype: a New York taxi driver overheard two eBay execs hammering out the deal while driving them. He even reported it back to Skype’s Customer Support, who didn’t believe him. Many other Wall Street traders did and lopped a chunk off the company’s stock (the size of which is usually only reserved for more-than-rumors).

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