eBay is an online auction and shopping website that allows people and businesses to buy and sell goods in various categories. Founded in 1995, it has become one of the largest online marketplaces with millions of active listings across a wide range of products.
eBay is an American multinational e-commerce corporation that facilitates consumer-to-consumer and business-to-consumer sales services via the Internet. eBay was founded in San Jose, California in September 1995 by French-born Iranian-American computer programmer Pierre Omidyar. The company expanded rapidly, acquiring PayPal in 2002 for $1.5 billion. By the end of 2004, eBay had acquired 25 companies, including major South Korean competitor Internet Auction Co. Today, eBay has operations in about 30 countries and employees around 14,100 people globally.
eBay's business model, an online auction-style marketplace, allows sellers and buyers from all over the world to interact and trade goods and services. Its massive popularity and brand recognition has enabled eBay to become one of the largest online marketplaces, with millions of listings across a huge variety of product categories including media, electronics, collectibles, home & garden, motors, fashion, toys, art, etc. The site also features fixed-price sales (rather than just auctions).
For sellers, eBay provides an intuitive platform to create listings with detailed product descriptions and images. Various selling tools help create professional listings optimized for search and exposure in the marketplace. eBay collects seller fees through two main types of listings: auction-style and fixed-price. Buyer protection programs aim to ensure confidence and satisfy customers.
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