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eBay - The history

The auction platform Ebay.com was founded in the United States in 1995. Its founder is Pierre Omidyar. He is of Iranian descent, but he spent his youth with his family in Paris. He is a programmer by education, graduated from Tufts University and Berkley. Legend has it that he was inspired to write the code for the eBay platform by his wife, who as an avid collector was looking for a solution that would allow her to conveniently exchange her collection with other collectors. The first historic transaction on the eBay platform, however, was not for a collector's item, but for a broken laser pointer, which was auctioned for $14.83.

In 1996, the auction site hired its first employee, handled 250,000 auctions, and had annual revenue of $10,000. That same year, Pierre Omidyar left his lucrative job as a full-time software engineer and decided to devote all his time to developing Ebay.com. In January 1997, Ebay's auction portfolio was already 2,000,000 and growing.