eBay Inc. is an American Internet company that manages eBay.com, an online auction and shopping website in which people and businesses buy and sell goods and services worldwide. In addition to its original U.S. website, eBay has established localized websites in thirty other countries. eBay Inc. also owns PayPal, Skype, StubHub, Kijiji,and other businesses
eBay was founded in September 3, 1995 by French computer programmer Pierre Omidyar. He started it for his wife so she could have a place to sell her collectibles. He originally named his auction website AuctionWeb. It remained that way for 2 years until 1997 when he renamed it eBay.
eBay is short for Echo Bay, which was the name of Omidyar’s consulting firm at the time. He had attempted to register the domain “EchoBay.com”, but found that it was taken, so he shortened the name to eBay.
In 1996, eBay hired Jeff Skoll, a Stanford MBA. He became eBay’s second employee and first president. He wrote the business plan that brought eBay from a startup to a great success. Ebay went public in 1998 as a auction website where people could post items for sell and buyers could bid on them in auction style in the same manner auctions are held offline. This would give people the opportunity to conveniently post items for sell that would otherwise be laying around serving no purpose. The very first item sold on eBay was a broken laser pointer.
When eBay went public it caught on like wildfire. Everyone was selling their old junk on eBay. Pierre Omidyar became a instant billionaire. Ebay ended the year with an average of close to 2 million daily auctions. The growth did not stop there though. Ever since eBay has been growing at record rates in terms of company expansion and financial growth.
The history of eBay leads up to the fact that eBay is the fastest growing company of all time. It is estimated that over 3000 new users find their way to eBay on a daily basis. Over 700,000 Americans report eBay as their primary or secondary source of income. There are now over 200 million registered users worldwide. People spend more time on eBay than on any other online site.
eBay was founded in September 3, 1995 by French computer programmer Pierre Omidyar. He started it for his wife so she could have a place to sell her collectibles. He originally named his auction website AuctionWeb. It remained that way for 2 years until 1997 when he renamed it eBay.
eBay is short for Echo Bay, which was the name of Omidyar’s consulting firm at the time. He had attempted to register the domain “EchoBay.com”, but found that it was taken, so he shortened the name to eBay.
In 1996, eBay hired Jeff Skoll, a Stanford MBA. He became eBay’s second employee and first president. He wrote the business plan that brought eBay from a startup to a great success. Ebay went public in 1998 as a auction website where people could post items for sell and buyers could bid on them in auction style in the same manner auctions are held offline. This would give people the opportunity to conveniently post items for sell that would otherwise be laying around serving no purpose. The very first item sold on eBay was a broken laser pointer.
When eBay went public it caught on like wildfire. Everyone was selling their old junk on eBay. Pierre Omidyar became a instant billionaire. Ebay ended the year with an average of close to 2 million daily auctions. The growth did not stop there though. Ever since eBay has been growing at record rates in terms of company expansion and financial growth.
The history of eBay leads up to the fact that eBay is the fastest growing company of all time. It is estimated that over 3000 new users find their way to eBay on a daily basis. Over 700,000 Americans report eBay as their primary or secondary source of income. There are now over 200 million registered users worldwide. People spend more time on eBay than on any other online site.
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