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eBay was founded as AuctionWeb in California on September 3, 1995, by French-born Iranian-American computer programmer Pierre Omidyar as a hobby to make some extra money. One of the first items sold on AuctionWeb was a broken laser pointer for $14.83. Astonished, Omidyar contacted the winning bidder to ask if he understood that the laser ...
Pierre Morad Omidyar (born Parviz Morad Omidyar, June 21, 1967) is a French-born Iranian-American billionaire. A technology entrepreneur, software engineer, and philanthropist, [6] he is the founder of eBay, where he served as chairman from 1998 to 2015. [7] [6] Omidyar and his wife Pamela founded Omidyar Network in 2004.
eBay has been criticized for arranging its affairs so as to pay a low level of taxes in the United Kingdom. The Sunday Times reported in October 2012 that eBay paid only £1.2 million in tax on sales of over £800 million in 2010. eBay responded that it "complies fully with all applicable tax laws". [24]
Iannone worked for Epinions and Booz Allen Hamilton, before joining eBay, where he worked for eight years, rising to a vice president role. [2] He was then executive vice president of digital products at Barnes & Noble. [2] In 2014, Iannone joined Sam's Club, and was CEO of SamsClub.com and executive vice president of membership and technology ...
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In 2010, the company announced the launch of ShopRunner http://shoprunner.com, a members-only online shopping program that offers savvy consumers unlimited free two-day shipping with no minimum order size, and free shipping on returns, across a wide selection of today's most popular retailers.
Etsy’s free cash flow is smaller, as the company prioritizes re-investing in growth. Valuation. eBay shares are trading at 2 times revenue, whereas Etsy’s valuation is higher at 3.6 times sales.
Jeffrey Skoll. Jeffrey Stuart Skoll, OC (born January 16, 1965) [1] is a Canadian engineer, billionaire internet entrepreneur and film producer. He was the first president of eBay, eventually using the wealth this gave him to become a philanthropist, particularly through the Skoll Foundation, and his media company Participant Media.
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Private electronic market. Software. v. t. e. An online auction (also electronic auction, e-auction, virtual auction, or eAuction) is an auction held over the internet and accessed by internet connected devices. [1] [2] [3] Similar to in-person auctions, online auctions come in a variety of types, with different bidding and selling rules. [4]