com AMZN to take the eBay model and use it as a blueprint for their own retail platforms. In , Whitman stepped down as CEO as the company kept growing. EBay had already purchased PayPal, PYPL the online financial transaction site, along with Craigslist, thus consolidating its brand as the main user-to-user online retail company in the U.

The company goes public the same year. com and Scott Schenkel is named as interim CEO. Its return on equity is robust, as well. That could be holding the stock back at the end of TheStreet Smarts. Free Newsletters. ACTION ALERTS PLUS. PERSONAL FINANCE. ETF FOCUS. GOLD OIL. RATES AND BONDS. JUNK BONDS TREASURY BONDS. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more.

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UNLYF YUM TWTR. lands a coveted spot on Fortune magazine's list of the Best Companies to Work For and again in Happy 10 th birthday, PayPal! eBay is one of the first companies to launch an iPhone application and is featured during the Apple app store launch.

Today, the app is available on other operating systems including Android. Lorrie Norrington becomes the new President of eBay Marketplaces. The award recognizes our outstanding contributions to entrepreneurship worldwide. We bring in the leading web-based payment platform Bill Me Later, offering buyers even greater flexibility in their online purchasing. Today, the service is known as PayPal Credit, joining PayPal Working Capital to offer consumers and businesses a powerful range of flexible credit solutions.

Jack Sheng of eForcity Inc. sets an eBay Marketplaces record, becoming the first seller to receive a feedback score of 1,, In honor of this, we named a conference room after him. We launch the WIN program to support women in building lasting, successful careers in the company. WIN also provides opportunities for women at all levels to learn, grow, and develop.

We begin recognizing outstanding sellers with our new Top-Rated Seller status, helping buyers find the eBay sellers who most consistently deliver exceptional customer service. eBay launches its Deals app, offering buyers and sellers great deals every day. eBay is on the iPad during its launch! The app is one of the first featured at the Apple keynote debuting the iPad. We acquire Milo. com, a leader in web-based local product search, helping launch local products on eBay.

Advancing our Social Innovation commitments, the eBay Foundation launches The Opportunity Project. Our signature grant-making program supports entrepreneurial solutions to expand economic opportunity in impoverished communities in the U. and emerging markets. We announce the acquisition of ecommerce specialist GSI Commerce, now known as eBay Enterprise.

eBay Enterprise provides commerce technologies, omni-channel operations and marketing solutions to brands and retailers of all sizes. We will go on to receive this designation for four years straight. To facilitate even stronger open platforms, we announce we will acquire Magento, a leading toolset for open-source ecommerce. We expand our mobile capabilities and announce our acquisition of Zong, a leading mobile carrier billing-based payments platform.

Former Thomson Reuters Markets CEO Devin Wenig joins as President of eBay Marketplaces. PayPal announces PayPal Here, the first mobile payment solution that allows small businesses to accept nearly any form of payment, no matter their size.

Entrepreneur David Marcus , who came to eBay via the Zong acquisition, is named President of PayPal. We launch a Global Shipping Program , helping U. sellers grow their businesses by more easily shipping to international buyers.

PayPal pilots its Working Capital initiative, a new loan program for Small Business. By the end of the year, Working Capital enables thousands of SMBs to borrow tens of millions of dollars. In , the program expands to Australia and the U. Customers can browse items in a virtual window, pay using PayPal, and arrange for free home delivery. Our path-breaking Machine Translation Tools help drive cross-border commerce, enabling the company to reach consumers in markets like Russia and Latin America.

eBay and PayPal announce plans to become independent companies in , enabling both to sharpen their strategic focus and hone in on innovative growth opportunities in their respective markets. eBay and PayPal trade as separate companies on Nasdaq stock exchange. Tapped as our CEO Designee in , Devin Wenig takes over as eBay CEO.

eBay Inc. The partnership allows BigCommerce merchants to seamlessly list their products and manage their inventory on eBay, opening up access to more than million customers around the world. In an effort to advance our structured data initiative, eBay acquired Expertmaker, a leading artificial intelligence, machine learning, and big data analytics firm. eBay and Australian retailer Myer partner to launch the first-ever virtual reality department store.

The building now serves as a central meeting place and welcome center for visitors and guests. The largest ticket marketplace in the U. continues to grow by expanding into the Latin American, European, and Asia Pacific markets. eBay debuts the Seller Hub, a powerful tool that simplifies and streamlines the selling experience and helps sellers scale their businesses. As shopping habits evolve, eBay is staying ahead of the trend, by launching a smart, personal shopping assistant that you can converse with, powered by AI and running on Facebook Messenger.

We purchase Corrigon, a pioneer of visual search technologies. The acquisition bolsters our structured data efforts and improves image recognition capabilities. We are proud to join with the White House in pledging to close the gender wage gap. Based on a internal study on gender pay equity, we determined that in the U. Powered by structured data and designed to drive highly personalized shopping experiences, the new homepage makes it easy for customers to find that perfect item and get inspired by products that match your style and interests.

The move allows shoppers to filter their search results by shipping times, and guarantees delivery in 3 days or less on 20 million items, with no membership required! Powered by industry experts and our proprietary verification methods, the eBay Authenticate program guarantees the authenticity of luxury bags sold on eBay.

The program has plans to expand to other luxury categories in the near future. Enabled by artificial intelligence and machine learning, these innovative ways to shop help you quickly find the things you love, making the entire internet shoppable on your mobile device.

In an effort to continue to increase the opportunities available to small business owners and aspiring entrepreneurs, eBay partners with Kiva. org, the microlending platform, to help expand their reach on our global platform. In partnership with Adyen, a global payments processor, eBay will begin managing the payments flow within the marketplace, simplifying the end-to-end experience for buyers and sellers. The transition will be a multi-year journey. The acquisition expands our footprint in Asia, and bolsters the strength of the Qoo jp platform to offer more inventory to our Japanese consumers from all over the world.

eBay unveils a clever solution using Augmented Reality AR that enables millions of sellers to quickly select the best USPS flat rate box for items they need to ship. eBay introduces new program for consumers to sell their smartphones in a matter of minutes.

eBay raised a record amount in by connecting buyers and sellers to the causes they care about most. Now live in 3 countries, Retail Revival enables small businesses to harness the power of ecommerce and global trade.

Increasing choice and flexibility for millions of buyers is a key priority as eBay expands its new managed payments experience. eBay officially launches its fifth Retail Revival program in Greensboro, North Carolina , and hosts participating small businesses for a full day of training, networking and more.

With eBay's support, entrepreneurs in Yaroslavl are working to make its unique offerings accessible to the global market. Baton Rouge, Louisiana, becomes the fourth U. eBay lands a no. A highly accomplished leader, Jamie Iannone takes over as eBay CEO in April With the expiration of the Operating Agreement with PayPal, eBay begins scaling its management of payments globally.

We celebrate 25 years of eBay with a toast to the community that powers our marketplace. Our History. September AuctionWeb is Born After spending Labor Day weekend at home writing code on his personal computer, eBay founder Pierre Omidyar launches AuctionWeb, a site "dedicated to bringing together buyers and sellers in an honest and open marketplace.

Pierre's First Sale Canadian Mark Fraser purchased the first item that eBay founder Pierre Omidyar listed on the site in -- a broken laser pointer. Pez Dispenser Myth A story is circulated that Pierre created eBay to help his wife collect Pez candy dispensers. July Photo Source: Celebrity Net Worth Our First President Pierre quits his day job to devote himself fulltime to his innovative auction website and brings Jeff Skoll on board as President.

Seller Feedback Introduced We introduce Feedback Forum, allowing our members to rate their transactions and create a virtual community of openness and confidence. Millionth Item Sold We sell our millionth item! September eBay is Born AuctionWeb is officially renamed eBay. February Photo Source: Christophe Langlois Meg Whitman Joins eBay Business leader Meg Whitman joins as President and CEO. May My eBay The launch of "My eBay" customizes the eBay experience.

July Photo Source: Cincinnati Enquirer One of the First Acquisitions We make an early acquisition, adding Jump Inc. eBay Goes Public After a successful Initial Public Offering IPO in September, we list shares on NASDAQ under the symbol EBAY. December eBay Foundation Established The eBay Foundation becomes the first corporate foundation to be endowed with pre-IPO stock.

Site Outage and Lessons Learned On June 10, , the site goes down. July Global Expansion We launch sites in Germany, Australia and the U. January eBay Office Expands We continue growing in the U. April Introducing eBay Motors We launch eBay Motors, the online automotive marketplace.

July Half. com joins eBay We announce we will buy Half. The eBay API Our first Application Programming Interface API goes live. June Introducing eBay Stores eBay Stores, a new online storefront directory, launches as a way for people to have their own customized online businesses for just a few dollars a month. June Photo Source: SF Gate. Photo Credit: Susan Goldman, Bloomberg News. First eBay Live! Conference Anaheim, California hosts the first eBay Live!

Photo Source: Amazon "eBay Bible" Published The Official eBay Bible by Jim Griffith, Employee 11, is published. February Dream Big, Save Big We launch the Dream Big, Save Big campaign to support small business buying on eBay. The Power of All of Us We launch our North America brand campaign, The Power of All of Us , celebrating the power of e-commerce and built on the idea that people are basically good.

December Photo Source: Celebrity Net Worth Jeff Jordan Named PayPal President Jeff Jordan, Senior Vice President and general manager of eBay North America, is named President of PayPal. com joins eBay We announce our agreement to acquire Rent. We welcome John Donahoe as eBay Marketplaces President John Donahoe is named President of eBay Marketplaces. March eBay Creates Kijiji We launch a local classified advertising site called Kijiji. May eBay Acquires Gumtree Expanding our classifieds presence, we purchase Gumtree, a leading global classified-listing site.

September 10 years and counting! We celebrate our 10 th birthday! Main Street Launches Our Main Street program launches as a grassroots community of e-commerce advocates interested in how public policy may affect their ability to buy and sell online.

eBay Inc. eBay was founded by Pierre Omidyar in , and became a notable success story of the dot-com bubble. eBay is a multibillion-dollar business with operations in about 32 countries, as of The website is free to use for buyers, but sellers are charged fees for listing items after a limited number of free listings, and an additional or separate fee when those items are sold.

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 ; and other services. eBay previously offered online money transfers as part of its services via PayPal , [4] which was a wholly owned subsidiary of eBay from to ; [5] online classified advertisements via Kijiji , or eBay Classifieds Group ; and online event ticket trading via StubHub.

The AuctionWeb was founded in California on September 3, , by French-born Iranian-American computer programmer Pierre Omidyar as part of a larger personal site. Astonished, Omidyar contacted the winning bidder to ask if he understood that the laser pointer was broken; the buyer explained: "I'm a collector of broken laser pointers. Reportedly, eBay was simply a hobby for Omidyar until his Internet service provider informed him he would need to upgrade to a business account due to his high website traffic.

Chris Agarpao was eBay's first employee; he processed mailed check payments. Jeffrey Skoll was hired as the first new president of the company in early In November , the E-Commerce platform 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. Growth was phenomenal: from , auctions during all of to , in January alone. The company officially changed the name of its service from AuctionWeb to eBay in September , after Echo Bay Technology Group, Omidyar's consulting firm.

The domain name echobay. com was already taken by a gold mining company, [12] so Omidyar shortened it to eBay. The frequently repeated story that eBay was founded to help Omidyar's fiancée trade Pez candy dispensers was fabricated in by public relations manager Mary Lou Song to give the media a human-interest story more appealing than Omidyar's original vision of a " perfect market ".

The leader in the toy category quickly became Beanie Babies manufactured by Ty, Inc. As collectors internationally were trying to complete their collection of Beanie Babies, Ty set up the first business-to-consumer Web site , a secondary-market online trading post where people could trade their Beanie Babies.

However, it was overwhelmed with unsortable listings, creating an urgent demand for a more efficient online trading system. Meg Whitman was hired by the board as eBay president and CEO in March On September 21, , eBay went public. As the company expanded product categories beyond collectibles into almost any saleable item, business grew quickly. After nearly ten years at eBay, Whitman decided to enter politics.

On January 23, , the company announced that Whitman would step down on March 31, , and John Donahoe was selected to become president and CEO. In , eBay was charged by the United States Department of Justice with entering into non-solicitation agreements with other technology companies involving their highly skilled employees.

On September 30, , 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, eBay's then chief executive, John Donahoe, stepped down from that role.

As part of the partnership, Flipkart decided to use the eBay platform for global outsourcing. On January 31, , eBay announced that they would replace PayPal as its primary payments provider with Netherlands-based start-up Adyen. The transition was set to be completed by , but PayPal would remain an acceptable payment option on the site until further notice. On September 21, , it was reported that eBay would install a security fence around the perimeter of its San Jose headquarters in response to the YouTube headquarters shooting earlier that year.

On July 31, , the company acquired a 5. On September 25, , 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 , had been appointed as the interim CEO. On April 13, , it was announced that Jamie Iannone would become the CEO on April In July , Adevinta announced to acquire eBay Classifieds Group.

As of April the board of directors was as follows: [48]. In September , eBay introduced a new logo using a thinner variation of the Univers typeface, [50] installed on the website on October 10, It replaced the thicker Univers logo that had been used since eBay's inception in An all red eBay logo with the same type set was also introduced to be used temporarily for various holidays. eBay generates revenue by a complex system of fees for services, listing product features, and a final value fee for sales proceeds by sellers.

As of the US-based eBay. Other eBay websites follow a similar fee structure, but with different cost charges. Under US law before , a state could not require sellers located outside the state to collect a sales tax , which made making purchases on eBay more attractive to US buyers.

Sellers that operate as a business do follow state tax regulations on eBay transactions. The company's business strategy includes increasing international trade.

Strategic international expansion has failed in Taiwan and Japan, where Yahoo! had a head start, and New Zealand, where Trade Me is the dominant online auction website.

eBay also notably failed in China due to competition from local rival Taobao. For most listing categories, eBay sellers are permitted to offer a variety of payment systems such as Escrow. com, [62] PayPal , Paymate , Propay, and Skrill.

com is eBay's approved escrow site. The transactions processed through Escrow. com largely are in relation to eBay Motors; however, they are not restricted to this type of listing.

eBay runs an affiliate program under the name eBay Partner Network. In October , eBay changed to an affiliate payout system that it calls Quality Click Pricing, in which affiliates are paid an amount determined by an undisclosed algorithm.

The total earnings amount is then divided by the number of clicks the affiliate sent to eBay and is reported as Earnings Per Click, or EPC. In October , ePN launched a new pricing model. The new model is more transparent and is based on category-level base commission rates with bonuses available for referring new and reactivated buyers.

On May 8, , eBay announced the opening of its newest building on the company's North Campus in San Jose , which is the first structure in the city to be built from the ground up to LEED Gold standards. Creating an equivalent impact to remove the same amount of carbon dioxide from the atmosphere would require planting acres 1.

The design of the building also incorporates other elements to reduce its impact on the environment. eBay's newest building also reduces demand on local water supplies by incorporating an eco-friendly irrigation system, and low-flow showerheads and faucets. eBay also runs buses between San Francisco and the San Jose campus to reduce the number of commuting vehicles.

On October 3, , PayPal became a wholly owned subsidiary of eBay. On September 30, , eBay Inc. announced the divestiture of PayPal as an independent company, which was completed on July 20, Former Craigslist executive Phillip Knowlton was the seller, and he insisted that his former employer was aware of his plans to divest his holdings. Initially, eBay assured Craigslist that eBay would not ask Craigslist to change the way it did business.

In March , eBay launched the classifieds service Kijiji. In October , eBay Inc. acquired Skype Technologies , [95] developer of the Skype VoIP and Instant messaging service, significantly expanding its customer base to more than million registered users worldwide.

eBay later sold a majority stake in Skype in November , while retaining a minority investment. Ticketmaster filed a lawsuit against StubHub and eBay in , alleging "intentional interference" with Ticketmaster's contractual rights. This acquisition expands eBay's footprint in Japan, one of the largest e-commerce markets in the world.

eBay made an initial investment in Giosis Pte. in Since then, Giosis has established dynamic marketplace businesses across Asia. eBay is a publicly visible market which has attracted interest from economists, who have used it to analyze aspects of buying and selling behavior, auction formats, etc. Computer information systems researchers have also shown interest in eBay.

Michael Goul, Chairman of the Computer Information Systems department of the W. Carey School of Business at Arizona State University , published an academic case based on eBay's big data management and use in which he discusses how eBay is a data-driven company that processes 50 petabytes of data a day.

eBay uses a system that allows different departments in the company to check out data from their data mart into sandboxes for analysis. According to Goul, eBay has already experienced significant business successes through its data analytics. eBay employs 5, data analysts to enable data-driven decision making. In , the accounting software company Intuit launched a web-based donation tracking service called ItsDeductible.

The service uses data from eBay to help users assign a market value to the items they donate. In July , eBay released an image search capability allowing users to find listings on the site that match an item depicted in a photo, using artificial intelligence and machine learning technologies. UK's GCHQ has a suite of tools for monitoring target use of eBay, named ELATE. Millions of collectibles , decor , appliances , computers, furnishings , equipment , domain names , [] vehicles, and other miscellaneous items are listed, bought, or sold daily on eBay.

Generally, anything can be auctioned on the site as long as it is not illegal and does not violate the eBay Prohibited and Restricted Items policy.

Large international companies, such as IBM , sell their newest products and offer services on eBay using competitive auctions and fixed-priced storefronts. Separate eBay sites such as eBay US and eBay UK allow the users to trade using the local currency. Software developers can create applications that integrate with eBay through the eBay API by joining the eBay Developers Program.

Numerous government and police agencies [] around the world now use eBay as well as traditional auctions to dispose of seized and confiscated goods. Controversy has arisen over certain items put up for bid. For instance, in late a man offered one of his kidneys for auction on eBay, attempting to profit from the potentially lucrative and, in the United States, illegal market for transplantable human organs.

Millions of collectibles , decor , appliances , computers, furnishings , equipment , domain names , [] vehicles, and other miscellaneous items are listed, bought, or sold daily on eBay. Numerous government and police agencies [] around the world now use eBay as well as traditional auctions to dispose of seized and confiscated goods. eBay was rated twelfth out of fifteen in the Recommended Selling Venue category. eBay and PayPal announce plans to become independent companies in , enabling both to sharpen their strategic focus and hone in on innovative growth opportunities in their respective markets. We hold our first eBay University course, teaching users how to become master sellers. Kijiji is now a part of eBay Classifieds. The chefs responsible for creating this recipe were as follows:.

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