The first item sold was a broken laser pointer and it cost $14.83. Astonished, Omidyar contacted the buyer to ensure he was aware it was unusable.
Canadian Mark Fraser purchased the first item that eBay founder Pierre Omidyar listed on the site in 1995.
About eBay :
In addition to eBay’s original auction-style sales, the website has evolved and expanded to include: instant “Buy It Now” shopping ; shopping by Universal Product Code, ISBN, or other kind of SKU number (via Half.com, which was shut down in 2017); online classified advertisements (via Kijiji, or eBay Classifieds); online event ticket trading (via StubHub); and other services. eBay previously offered online money transfers as part of its services (via PayPal, which was a wholly owned subsidiary of eBay from 2002 to 2015).
Formerly — AuctionWeb(1995_1997)
Type — Public
Industry — E-commerce
Founded — September 3,1995
Founder — Pierre Omidiyar
Headquarters — San Jose, California, U.S.
Area surved — Worldwide
Key people — Thomas J. Tierney(Chairman) ,amie Lannone(President & CEO)
Services — Online Shopping
Website — www.ebay.com
On September 30, 2014, eBay announced it would spin off PayPal into a separate publicly traded company, a demand made nine months prior by activist hedge fund magnate Carl Icahn. The spinoff completed on July 18, 2015. eBay’s then chief executive, John Donahoe, stepped down from that role.
Flipkart and eBay entered into a strategic partnership in 2017 under which eBay Inc acquired a 5.44% stake in Flipkart in exchange for its eBay India business for $211 Mn and a $514 Mn cash investment. As part of the partnership, Flipkart decided to use the eBay’s platform for global outsourcing.
On July 31, 2019, the company acquired a 5.59 percent stake in Paytm Mall.
On September 25, 2019, it was announced that Devin Wenig would be stepping down as eBay’s CEO, and that Scott Schenkel, senior vice president and chief financial officer since 2015, had been appointed as the interim CEO. On April 13, 2020, it was announced that Jamie Iannone would become the CEO on April 27.
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