Online Garage Sale
// Posted by Tim on 02/05/2013 (11:47 AM)
The site we now know as eBay was first launch during 1995 as “AuctionWeb” by entrepreneur Pierre Omidyar sitting in his living room in San Jose, California. The site was one of the first online marketplaces of its time. AuctionWeb was referred to as the market that brings buyers and sellers together in an honest and open environment. Although soon after, in September of 1997 the company changed its name to what we know it as today, eBay. Users had to get used to a completely new site platform with a more graphical website and homepage. As well at this time the famous multi-colored eBay logo was introduced.
Over the next fifteen years ebay would become the worlds largest marketplace, with hundreds of millions of listings. The company has grown from just one computer programer in his living room to over 15,000 employees. Ebay is today one of the largest companies in america and consistently ranking in the fortune 500.
Over the years, eBay has worked as the largest online garage sale, auctioning almost every listing you could imagine. We have seen some of the strangest items listed such as old gum, strains of hair, and even spouses. The first item listed on eBay was a broken laser pointer that was sold for $14.83. The most expensive item ever sold on eBay was a Gulfstream II Jet that was priced at $4.9 million. Due to the fact that anyone can list anything (with little restrictions) makes eBay such a unique and interesting market place.
Ebay undoubtably has changed the way we buy and sell items online. It was revolutionary in creating an online market place that millions of people can interact back and forth live. That fact that there are so many listings allows the eBay to appeal to such a broad audience. This has been key to the companies success over the last 18 years. Ebay has taken the local garage sale and scaled it up to the worldwide level. This is why eBay has seen such great success.