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Silicon Valley | History Of Ebay

Advertiser: Silicon Valley Influence Location: Burbank,CA,USA Posted: Jun 13, 2018 6:58:41 AM Hits: 131

Silicon Valley |   History Of Ebay

Ref: MUC167052
EBay is based out of San Jose California. Its founder is Pierre Omidyar. He founded the company in 1995. eBay allows for both individuals and companies to sell a wide-ranging goods and services all over the world. It is rated as one of the most successful internet startups of all time. One of its most popular products is PayPal, which facilitates online money transactions.

Everything from art to cell phones to coins to collectibles, consumer electronics, toys, garden equipment, musical instruments, real estate, travel services, and so much more can be listed for sale on eBay.com. Sales take place through either open-bidding auctions or fixed-price “storefronts,” and the company provides sellers with tips on how to make the best sale possible.

When eBay started, it was originally called Auctionweb started by Pierre Omidyar on September 3, 1995. He had the idea that marketplace auctions would work well online. So, he wrote the code for Autionweb and decided to test out his idea. He put it on the same server that had his personal website, on which he collected information about the ebola virus. He did not even create a new website for it. All he had to put on it was a broken laser pointer. It was just a test, so he figured it didn’t matter and so he was surprised when someone bought it for $14.83. He was so surprised, in fact, that he got ahold of the buyer to ensure they understood it was broken. The response was, "I'm a collector of broken laser pointers.”

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