March 28, 2008 Data Stream: Biddingforgood.com Play video

(NECN) - Cambridge, Massachusetts-based company, www.biddingforgood.com, is using powerful web technology to raise money for charities nationwide.

The website has brokered some 4,000 auctions in the last year. It is a megacharitable marketplace that allows people to buy and sell items.

The company hopes to raise $30-50 million dollars this year for good causes.

NECN's Scot Yount has details.