eBay Activity.

Ebay orginated in America, San Jose, California, its' origanal name was AuctionWeb on 3rd September 1995, the founders name was Pierre Omidyar. The first item sold was a broken laser pointer, and the buyer was a collector of such items. Ebay was built for Omidyar's fiancée to trade Pez Despensers.

The first employee hired was a man name Jeffory Skoll, he was made first president of the business, it then entered its' first third party deal with another auction site, and started to sell plane tickets and other travel products. they changed their name to eBay officailly in September 1997, it was planned to be called EchoBay as Pierre Omidyar worked for their firm, but the site name was taken by a echo bay mine so it was shortend down to eBay.

Meg Whitman was hired as the president and CEO of eBay, at this time they had 30 employees, half a million users and revenues of $4.7billion, in the US. eBay went public on 21st September 1998 and both Omidyar and Skoll became instant billionaires. ebays target share price of $18 was ignored as on the first day of trading it hit $53.50.

As the company expanded, so did its product range and catagories, it went from collectables, into almost any salable item. Febuary 2002 the company bought IBazar a small aution site then went on later to buy PayPal in Ocober 2002.