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1995 |
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· The first item sold on eBay was a broken laser pointer, for $14.83. The transaction closed in September 1995, not long after Founder, Pierre Omidyar, had spent Labor Day weekend writing the code for eBay, then-called AuctionWeb
· Omidyar was experimenting with how equal access to information and opportunities affects the efficiency of marketplaces. As a test he posted a listing for a broken laser pointer, which to his astonishment sold
· Omidyar contacted the winning bidder to ensure he realized the item was broken. The buyer answered, "I'm a collector of broken laser pointers." At that moment, Omidyar knew he was on to something very big
· From day one, Omidyar built eBay around what remain the company's core values; a belief that:
o People are basically good
o Everyone has something to contribute
o An open environment brings out the best in people.
· The success of eBay underscores the truth of these values, and is at the heart of eBay's continuing success |
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1996 |
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· With revenue topping $10,000 in June, the company hires its first employee. Soon after, Jeff Skoll is hired as the first president of the company and Pierre Omidyar leaves his day job to work on eBay fulltime
· eBay launches the Feedback Forum and introduces Final Value Fees |
· Gross Merchandise Volume (the value of all goods sold on eBay): $7.2 million
· Registered eBay Users: 41,000 | |
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1997 |
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· The AuctionWeb brand is officially retired and eBay is now hosting more than 200,000 individual auctions per month, compared with 250,000 auctions in all of 1996
· The market for Beanie Babies surpasses $500,000 on eBay.com
· Feedback Stars make their debut |
· Gross Merchandise Volume: $95 million
· Registered eBay Users: 341,000
· Employees: 41 | |
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1998 |
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· Meg Whitman joins the company as President and CEO
· eBay launches the eBay Foundation, which helps a wide variety of national charities. In a trendsetting move, pre-IPO shares are used to endow the charity
· eBay goes public in September, listing shares on NASDAQ with the symbol EBAY
· Personalization tool, My eBay, makes its debut |
· Gross Merchandise Volume: $740 million
· Registered eBay Users: 2.1 million
· Employees: 138 | |
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1999 |
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· eBay expands internationally with sites in the UK, Germany and Australia
· Fixed priced trading is introduced with "Buy it Now" option
· eBay Motors is launched |
· Gross Merchandise Volume: $2.8 billion
· Registered eBay Users: 10 million
· Employees: 640 | |
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2000 |
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· eBay starts the year as the #1 ecommerce site
· eBay makes the first of several APIs (Application Programming Interfaces) publicly accessible. eBay's APIs are today at the heart of a thriving Developers Program and technology ecosystem
· First eBay University is held
· eBay continues international expansion with marketplaces in Austria, Canada, France and Taiwan
· eBay acquires Half.com |
· Gross Merchandise Volume: $5.4 billion
· Registered eBay Users: 22 million
· Employees: 1,900 | |
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2001 |
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· eBay introduces Auction for America, a charitable trading platform, on September 17 to offer assistance to victims of September 11 attacks
· International expansion accelerates with eBay marketplaces in Ireland, Italy, Korea, New Zealand, Singapore and Switzerland
· eBay Stores is launched |
· Gross Merchandise Volume: $9.3 billion
· Registered eBay Users: 42 million
· Employees: 2,500 | |
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2002 |
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· First ever eBay Live! Conference takes place in Anaheim, Calif
· eBay acquires PayPal |
· Gross Merchandise Volume: $14.9 billion
· Registered eBay Users: 62 million
· Employees: 4,000 | |
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2003 |
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· eBay expands into Hong Kong
· eBay Live! held in Orlando
· PayPal Buyer Protection services introduced for eBay transactions |
· Gross Merchandise Volume: $23.8 billion
· Registered eBay Users: 95 million
· Total PayPal Accounts: 40 million
· Total Payment Volume (sum of PayPal processed transactions): $11.6 billion
· Employees: 5,700 | |
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2004 |
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· eBay Live! held in New Orleans
· PayPal Buyer Protection services increased to $1,000
· Classified advertising site Marketplaats.nl is acquired
· eBay expands into Malaysia and the Philippines
· eBay acquires the Bazee marketplace in India
· Rent.com is acquired
· eBay opens its China Development Center in Shanghai to accelerate technology innovation |
· Gross Merchandise Volume: $34.2 billion
· Registered eBay Users: 135 million
· Total PayPal Accounts: 63.8 million
· Total Payments Volume: $18 billion
· Employees: 8,100 | |
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2005 |
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· eBay launches Kijiji, a local classifieds site available in nearly a dozen countries. In the same year, eBay acquires leading international classified advertising sites LoQuo and Gumtree.
· eBay acquires Shopping.com
· eBay acquires Skype
· PayPal acquires the Verisign Merchant Gateway
· eBay Live! held in San Jose, Calif
· eBay expands, into Poland, and Sweden
· eBay launches ProStores |
· Gross Merchandise Volume: $44.3 billion
· Registered eBay Users: 181 million
· Total PayPal Accounts: 96.2 million
· Total Payments Volume: 27.5 billion
· Employees: 10,200 | |
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2006 |
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· eBay Express is launched
· The two millionth passenger vehicle is sold on eBay Motors
· eBay Live! held in Las Vegas |
· Gross Merchandise Volume: $52.5 billion
· Registered eBay Users: 222 million
· Total PayPal Accounts: 133 million
· Total Payments Volume: 38 billion
· Total Skype Users: 171 million
· Total Skype minutes: 31.8 billion
· Employees: 13,200 | |
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2007 |
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· PayPal Buyer Protection services doubled to $2,000
· eBay acquires online ticketing site StubHub.com
· eBay acquires StumbleUpon.com
· eBay's India Development Center launches to further accelerate the pace of innovation
· eBay Live! held in Boston at which time CEO, Meg Whitman, declares that users will see more changes to eBay.com in the next six months than have been made in the past 6 years |