Company Profile - Ebay.com

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.
The online auction website was founded in San Jose, California, on September 3, 1995, by French-born Iranian computer programmer Pierre Omidyar as AuctionWeb,part of a larger personal site that included, among other things, Omidyar's own tongue-in-cheek tribute to the Ebola virus.In 1997, the company received approximately $5 million in funding from the venture capital firm Benchmark Capital.

The very first item sold on eBay was a broken laser pointer for $14.83 (though in 2008, eBay banned the sale of laser pointers.). 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."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. This was revealed in Adam Cohen's 2002 book, The Perfect Store, and confirmed by eBay.

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. 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 (the domain has recently been put up for sale) but found it already taken by the Echo Bay Mines, a gold mining company, so he shortened it to his second choice, eBay.com.

eBay went public on September 21, 1998, and both Omidyar and Skoll became instant billionaires.The company purchased PayPal on October 14, 2002.


Type: Public (NASDAQ: EBAY)
Founded: September 3, 1995
Headquarters: San Jose, California and Salt Lake City, Utah (alternate headquarters), United States
Key people: Pierre Omidyar, Founder and Chairman John Donahoe, CEO Lorrie Norrington, President of eBay Marketplaces Meg Whitman, former CEO and board member
Industry: Auctions
Products: Online auction hosting, Electronic commerce, Shopping mall PayPal, Skype, Gumtree, Kijiji
Revenue: $8.46 billion USD (2008)
Net income: $348 million USD (2008)
Employees: 15,500 (Q1 2008)
Slogan: What ever it is, you can get it on eBay., and Shop victoriously!
Website: www.ebay.com
Type of site: Online auction
Registration: Required to buy and sell
Available in: Multilingual