Ebay, Sale Online Goods For Individual Buyers And Sellers Essay

1098 Words Sep 5th, 2015 null Page
EBay was founded by Pierre Omidyar in 1995. The purpose of Auction Web, now name eBay, was to sale online goods for individual buyers and sellers. Mr. Omidyar also wanted for people to be able to interact about the products just like you would in a regular store. After spending the weekend writing codes on his personal computer, Mr. Omidyar launches the website, the site was “dedicated to bringing together buyers and sellers in an honest and open marketplace”(EBay Inc, 2013) . By July 1996, Mr. Omidyar quits his job to be dedicated full time to his auction website. He then brought Jeff Skoll as president of the company. By September of 1997 the company was renamed from Auction Web to its official name EBay.
In 1998, Pierre and Skoll brought in Meg Whitman who had study in Harvard and had knowledge of the importance of branding. Meg gather staff from different companies, such as Disney to come up with a plan that would build a strong vision for the company. EBay then became partners with name brands such as GM, Disney and Sun, companies that sold $10 million worth of equipment. EBay started to earn its revenue from charging sellers a fee to list their items on the website, and from collecting a commission from the sales that were made. In 2008, John Donahoe replaced Meg Whitman and was named CEO. He then started to refocus the company to becoming the premiere online partner for retail store. With the current vison of “empower consumers to buy and sell anything, anytime,…

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