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Updated On: 06th April 2020
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About Ebay

eBay Inc. is a world renowned multinational corporation based out of the United States America. It was founded in the year 1995 by Pierre Omidyar. It became a huge success story of the dot-com bubble. It is an e-commerce company, which provides business to consumer, consumer to consumer & sales services through the Internet. The chairman of the company is Thomas J. Tierney and Chief Executive Officer is Devin Wenig. They are headquartered in San Jose, California. Now it is a multibillion-dollar business with localized operations in over thirty countries.

eBay manages an online auction and shopping website through which people and manufacturers buy and sell a huge variety of products and services world over. Their website is free, but they charge respective users an invoice fee when manufacturers/sellers have made a sale or have listed any items. They are most popular for the sale of equipment, domain names, collectibles, decor, appliances, computers, furnishings, vehicles, and various miscellaneous items. eBay also launched its Business & Industrial category in the year 2006, that was a breakthrough in the industrial surplus business. International companies like IBM, also sell their most recent products and offer services on eBay using the fixed-priced storefronts and competitive auctions. The site allows one to auction anything as long as it is not illicit and does not violate the Prohibited and Restricted Items policy of eBay. According to analytics based on 2014, eBay generates an estimated US$ 17.90 billion and their net income is an estimated US$ 46 million.