EBay: Difference between revisions

Revision as of 22:25, 8 June 2011


Type:	Public
Founded:	USA, 1995
Founder(s):	Pierre Omidyar, Michael Dean Johnson
Headquarters:	San Jose, California
Country:	USA
Employees:	17,000+
Revenue:	US$ 9.156 billion (2010)
Website:	ebay.com
Blog:	eBayINKblog
Facebook:	eBay Facebook
LinkedIn:	eBay LinkedIn
Twitter:	@ebay
Key People
Pierre Omidyar, Chairman John Donahoe, CEO

eBay is the largest online marketplace in the world, with over 94 million active users. This online marketplace connects individual sellers and buyers and also small businesses. In 2010, eBay sold $62 billion worth of goods online; that is $2,000 woth of goods each second.

History

The company was founded in 1995.^[1] On the Labor Day weekend of the same year, Pierre Omidyar, a computer programmer wrote an experimental code to see what would be the result if people worldwide were given access to the single marketplace. He put his new auction website to test by putting a used and broken laser pointer for sale. To his surprise, a collector purchased the pointer for $14.83.^[2] This marked the beginning of eBay. The company gradually also became the first exemplary online social networking site.

Presently, eBay has made its presence felt in 39 markets with $1,900 worth of trading goods every second. In 2002, the community made PayPal as their online method of payment.^[3]^[4] Since then, the company has acquired several new business ventures like StubHub, Shopping.com and Bill Me Later to name a few.

eBay companies

StubHub
Half.com
brands4friends
Shopping.com
ProStores
Rent.com

Partnerships

In 2005, eBay Inc. acquired Skype^[5] and its customer base expanded to over 480 million registered users. However, in November 2009 to put more focus on core payment and e-commerce businesses, eBay Inc. sold the maximum stake in Skype.^[6] The other companies, eBay has partnered with include -

MercadoLibre
Skype
China (EachNet)
Turkey (Gittigidiyor)
Craigslist
Taiwan (Ruten)
ChannelAdvisor
Union Mobile Pay
mFoundry

Acquisitions^[7]

eBay has acquired 33 companies till March 2011, most of which are from USA. Most of these companies are online auction companies. A list of companies acquired by eBay is given below:

PayPal
Blackthorne
Up4Sale.com
Skype Limited
Positronic Inc.
Butterfield & Butterfield
Internet Auction Co.
Baazee.com
Shopping.com
EachNet
Magento
Marktplaats.nl
Tradera
Milo.com
GittiGidiyor
Craigslist
OpusForum.org
dba.dk & bilbasen.dk
StubHub
Billpoint
Half.com
CARad.com
Rent.com
Bill Me Later
RedLaser
Alando
Gumtree
StumbleUpon
GSI Commerce
iBazar
Meetup.com
Precision Buying Service
Loquo

Specialities^[8]

Internet
Retail
e-commerce

References

[1] The Telegraph

[2] About.com

[3] The Telegraph

[4] Make Money Online-History of eBay

[5] The Washington Post

[6] The Washington Post

[7] wikipedia-List of acquisitions by eBay

[8] Linkedin

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[3]

[4]

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-'''eBay''' is the largest online marketplace in the world with the active users counting over 94 million. This online marketplace connects individual sellers and buyers and also small businesses. In 2010, the eBay sold $62 billion worth of goods online which was calculated to be $2,000 for each second.
+'''eBay''' is the largest online marketplace in the world, with over 94 million active users. This online marketplace connects individual sellers and buyers and also small businesses. In 2010, eBay sold $62 billion worth of goods online; that is $2,000 woth of goods each second.
 ==History==