Ebay Notes

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  • Topic: EBay, PayPal, Auction
  • Pages : 17 (5325 words )
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  • Published : April 3, 2013
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Employees| 27,770 (2012)[1]|
Slogan(s)| "World's Online Marketplace."
"Connecting buyers and sellers globally."
"What ever it is, you can get it on eBay."
"Buy it, sell it, love it"
"Buy it New, Buy it Now"
"When it's on your mind, it's on eBay"|

eBay Inc. (stylized as ebay) is an American multinational internet consumer-to-consumer corporation, headquartered in San Jose, California. It was founded in 1995, and became a notable success story of the dot-com bubble; it is now a multi-billion dollar business with operations localized in over thirty countries.[4][5] The company manages eBay.com, an online auction and shopping website in which people and businesses buy and sell a broad variety of goods and services worldwide. In addition to its auction-style sellings, the website has since expanded to include "Buy It Now" standard shopping; shopping by UPC, ISBN, or other kind of SKU(via Half.com); online classified advertisements (via Kijiji or eBay Classifieds); online event ticket trading (via StubHub); online money transfers (via PayPal)[6] and other services. Contents  [hide]  * 1 History * 2 Items * 2.1 Unusual items * 2.2 Prohibited or restricted items * 3 Bidding * 3.1 Auction-style listings * 3.2 Seller ratings * 3.3 Charity auctions * 4 Corporate affairs * 4.1 Logo * 4.2 Profit and transactions * 4.3 Environmental record * 4.4 Acquisitions * 4.4.1 Skype * 4.4.2 Craigslist * 5 Use for economics * 6 Controversy and criticism * 7 See also * 8 References * 9 Further reading * 10 External links| -------------------------------------------------

[edit]History

eBay headquarters in San Jose, California
AuctionWeb was founded in San Jose, California, on September 5, 1995, by French-born Iranian-American computer programmer Pierre Omidyar (born on June 21, 1967) as part of a larger personal site that included, among other things, Omidyar's own tongue-in-cheek tribute to the Ebola virus.[7] One of the first items sold on eBay was a broken laser pointerfor $14.83. Astonished, Omidyar contacted the winning bidder to ask if he understood that the laser pointer was broken. In his responding email, the buyer explained: "I'm a collector of broken laser pointers."[8] The frequently repeated story that eBay was founded to help Omidyar's fiancée trade Pez candy dispensers was fabricated by a public relations manager in 1997 to interest the media, which were not interested in the company's previous explanation about wanting to create a "perfect market".[9] This was revealed in Adam Cohen's 2002 book, The Perfect Store,[7] and confirmed by eBay.[9] Chris Agarpao was hired as eBay's first employee and Jeffrey Skoll was hired as the first president of the company in early 1996. In November 1996, eBay entered into its first third-party licensing deal, with a company called Electronic Travel Auction to use SmartMarket Technology to sell plane tickets and other travel products. Growth was phenomenal; in January 1997 the site hosted 2,000,000 auctions, compared with 250,000 during the whole of 1996.[10] The company officially changed the name of its service from AuctionWeb to eBay in September 1997. Originally, the site belonged to Echo Bay Technology Group, Omidyar's consulting firm. Omidyar had tried to register the domain name echobay.com, but found it already taken by the Echo Bay Mines, a gold mining company,[11] so he shortened it to his second choice, eBay.com.[12] In 1997, the company received $6.7 million in funding from the venture capital firm Benchmark Capital.[13] Meg Whitman was hired as eBay President and CEO in March 1998. At the time, the company had 30 employees,[14] half a million users and revenues of $4.7 million in the United States.[15] eBay went public on September 21, 1998,[16] and both Omidyar and Skoll became instant billionaires. eBay's target share price of $18 was all but ignored as the price went to $53.50 on...
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