Exhibit 5.1 MORRISON & FOERSTER LLP San Francisco, California August 18, 1999 XOOM.com, Inc. 300 Montgomery Street, Suite 300 San Francisco, California 94104 Gentlemen: At your request, we have examined the Registration Statement on Form S-8 executed by you on August 18, 1999, and to be filed with the Securities and Exchange Commission (the "SEC") in connection with the registration under the Securities Act of 1933, as amended, of an aggregate of 130,571 shares of your common stock, $.0001 par value (the "Common Stock") which will be issuable under the LiquidMarket, Inc. 1998 Stock Incentive Plan (the "Plan"). As your counsel in connection with the Registration Statement, we have examined the proceedings taken by you in connection with the assumption of the Plan, of options previously granted pursuant to the Plan (the "Plan Shares"), and such documents as we have deemed necessary to render this opinion, in connection with the acquisition of LiquidMarket, Inc. by XOOM.com, Inc. Based upon the foregoing, it is our opinion that the Plan Shares, when issued and outstanding pursuant to the terms of the Plan, will be validly issued, fully paid and non-assessable shares of Common Stock. We consent to the use of this opinion as an exhibit to the Registration Statement. Very truly yours, /S/ MORRISON & FOERSTER LLP