What is ebay?
A: eBay Inc. is an American multinational e-commerce corporation that facilitates consumer-to-consumer and business-to-consumer sales through its website.
When did the company officially change the name of its service from AuctionWeb to eBay?
A: In September 1997.
Where is ebay based?
A: San Jose, California.
When was the AuctionWeb founded?
A: On September 3, 1995.
Who founded it?
A: French-born Iranian-American computer programmer Pierre Omidyar.
One of the first items sold on AuctionWeb was a broken what?
A: Laser pointer for $14.83.
Astonished, Omidyar contacted the winning bidder to ask him what?
A: If he understood that the laser pointer was broken.
What did the buyer tell him in is responding email?
A: The buyer explained: "I'm a collector of broken laser pointers.
eBay was simply a side hobby for Omidyar until what happened?
A: His Internet service provider informed him he would need to upgrade to a business account due to the high volume of traffic to his website.
The resulting price increase (from $30/month to $250) forced him to do what?
A: Start charging those who used eBay.
What was the result?
A: He hired Chris Agarpao as eBay's first additional employee.
What was Chris’s job?
A: To process mailed checks coming in for fees.
Jeffrey Skoll was hired as the first what in early
A:The first new president of the company.
In November 1996, eBay entered into its first what?
A: Third-party licensing deal, with a company called
Electronic Travel Auction.
What was the deal for?
A: To use SmartMarket Technology to sell plane tickets and other
How fast did it grow?
A: In January 1997 the site hosted 2,000,000 auctions, compared with 250,000 during the whole of 1996.
Originally, who did the site belong to?
A: Echo Bay Technology Group, Omidyar's consulting firm.
Omidyar tried to register what domain name?
A: Echobay.com, but found it already taken by the Echo Bay Mines, a
gold mining company.
What was his second choice?
In 1997 the company received how much funding from the venture capital firm Benchmark Capital?
A: $6.7 million.
In March 1998, who was hired by the board as eBay president and CEO?
A: Meg Whitman.
At the time, the company had 30 employees, half a million users and revenues of how much in the United States?
A: $4.7 million.
The frequently repeated story that eBay was founded to help Omidyar's fiancée trade Pez candy dispensers was fabricated by whom?
A: A public relations manager, Mary Lou Song, in 1997 to interest the media.
This was revealed in Adam Cohen's book, The Perfect Store (2002) and confirmed by whom?
After eBay went public, both Omidyar and Skoll became what?
A: Instant billionaires.
eBay's target share price of $18 was all but ignored as the price went to what?
A: $53.50 on the first day of trading.
The Pez dispenser myth did what?
A: It generated enormous amounts of publicity and led to some of eBay's most explosive early growth among
However at the time, Beanie Babies (manufactured by Ty, Inc.) were the leader in the toy category and was the most what?
A: Difficult brand to find in retail stores.
What product quickly became the dominant product on eBay accounting for 10% of all eBay listings in 1997?
A: Beanie Babies.
On what date did eBay go public?
A: On September 21, 1998.