eBay Inc. is an American company which offers consumer to consumer transactions on the internet. eBay allows for customers to sell, buy or auction different items. It was started in 1995 and has become one of the first companies to become a success as a result of the dot-com bubble. It has its headquarters in San Jose, California and had revenue of $14 billion in the year 2012.
eBay allows a platform for an auction of an item and shopping for retail goods which allows people to buy products from the comfort of their homes. The beginning of eBay was not as straightforward as we may imagine. It was Iranian-American computer programmer Pierre Omidyar’s idea to start a website that auctioned used, broken and second hand stuff. He called the website Auction Web and it was started on September 3, 1995. He did not take this website too seriously and just considered it as a side hobby. But soon the traffic on his site increased and was soon asked by his internet service provider to upgrade his account in order to accommodate the amount of traffic that was accessing his site.