This online auction site was founded as AuctionWeb in San Jose, California on September 3, 1995. A French-born Iranian computer programmer Pierre Omidyar started this site.The very first item to be sold on this website was a broken laser pointer for $14.83. As the company grew and expanded, eBay when worldwide, buying out many other auction sites around the world. eBay also bought PayPal to help keep payments safe and secure around the world. eBay also sold Skype for $2.75 billion and still own 30% of it. Pierre Omidyar is currently the Chairman John Donahoe is the current President and CEO of eBay.
eBay is an online auction marketplace. eBay provides an online trading platform in 37 markets for buyers and sellers of a wide variety of items, such as used cars, consumer electronics, computers, clothing, and books. EBay has 90 million active users. The company's online payment service, PayPal, has 80 million active accounts around the world.
eBay's competitors are online auction sites like Amazon.com, and Buy.com. Also one could even consider Craigslist a competitor as well. Even tho it is not a publically traded company.
We bought eBay because we thought that since there are over 90 million active users they have to be doing something right. We bought a total of 200 shares (50 on 1/25/2010 for 23.54 and 150 on 1/26/2010 23.92) We sold all 200 shares on 3/1/2010 at $23.82
Interesting post on ebay.
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