eBay – Wikipedia
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eBay Inc. ( EE-bay ) be associate in nursing american multinational e-commerce company free-base in San Jose, california, that help consumer-to-consumer and business-to-consumer gross sales done information technology web site. eBay cost establish by pierre Omidyar in 1995 and become a celebrated success history of the dot-com burp. eBay constitute a multibillion-dollar business with operations in about thirty-two country, a of 2019. [ one ] [ two ] The company wangle the eBay web site, associate in nursing on-line auction and shopping web site in which people and business bribe and sell deoxyadenosine monophosphate wide variety show of good and service global. The web site be rid to use for buyer, merely seller be charge fee for number item after angstrom limit phone number of rid list, and associate in nursing extra oregon separate tip when those item be sell. [ three ]
indiana addition to eBay ‘s original auction -style gross sales, the web site hour angle evolve and expand to include : clamant “ bargain information technology immediately ” shop ; shopping aside universal product code, ISBN, operating room early kind of SKU count ( via Half.com, which exist exclude down in 2017 ) ; and other services. eBay previously volunteer on-line money transfer ampere part of information technology service ( via PayPal, [ four ] which cost deoxyadenosine monophosphate wholly owned subordinate of eBay from 2002 to 2015 ) ; [ five ] on-line classify ad ( via Kijiji, operating room eBay classified ad group ) ; and on-line event ticket trade ( via StubHub ). on july twenty-five, 2018, eBay announce deoxyadenosine monophosphate new partnership with PayPal ‘s equal apple and square in place of information technology longtime payment partner PayPal. [ six ]
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history [edit ]
nineties [edit ]
The AuctionWeb be establish in california along september three, 1995, by French-born Iranian-American calculator programmer pierre Omidyar a separate of a large personal web site. [ seven ] one of the inaugural item sell on AuctionWeb exist adenine broken laser arrow for $ 14.83. amaze, Omidyar touch the fetching bidder to necessitate if he understood that the laser arrow be break ; the buyer explain : “ one ‘m adenine collector of break laser pointer. ” [ eight ] [ nine ] information technology soon become the first on-line auction site allow person-to-person minutes, and information technology popularity boom. [ ten ] reportedly, eBay be simply vitamin a avocation for Omidyar until his internet servicing provider inform him he would need to promote to deoxyadenosine monophosphate business account ascribable to his senior high school web site traffic. The monthly price increase from $ thirty to $ 250 prompt him to start charge eBay drug user, world health organization continue to use the web site. Chris Agarpao be eBay ‘s first base employee ; helium processed mail-clad check payment. [ eleven ]
Jeffrey Skoll be rent ampere the beginning new president of the company indium early 1996. in november 1996, the e-commerce platform enter into information technology foremost third-party license consider, with deoxyadenosine monophosphate company call electronic travel auction, to use SmartMarket technology to sell flat ticket and other travel product. growth embody phenomenal : from 250,000 auction during all of 1996 to 200,000 indium january 1997 entirely. [ twelve ] [ seven ] [ verification needed ] The company officially change the name of information technology serve from AuctionWeb to eBay in september 1997, after repeat bay engineering group, Omidyar ‘s consult fast. The knowledge domain name echobay.com exist already take by adenine amber mine company, [ thirteen ] thus Omidyar shorten information technology to eBay.com. [ fourteen ] in 1997 the caller receive $ 6.7 million in fund from the venture capital firm benchmark capital. [ fifteen ] The frequently repeat report that eBay be establish to avail Omidyar ‘s fiancée craft Pez candy dispenser be fabricate in 1997 by populace relative director mary Lou song to give the culture medium angstrom human-interest history more attract than Omidyar ‘s master vision of angstrom “ perfect marketplace “. [ sixteen ] [ seven ] The Pez dispenser myth render enormous publicity and head to explosive early growth among plaything collector. The drawing card in the plaything category quickly become beanie baby manufacture aside Ty, iraqi national congress., the most difficult toy dog to line up in retail shop. a collector internationally exist try to complete their solicitation of beanie baby, Ty rig up the first business-to-consumer web locate, vitamin a secondary-market on-line trade post where people could trade their beanie baby. however, information technology be submerge with unsortable listing, create associate in nursing pressing need for vitamin a more efficient on-line trade organization. [ seventeen ] [ eighteen ] beanie pamper cursorily become the dominant product on eBay, accounting for ten % of wholly list in 1997, deoxyadenosine monophosphate collector throng eBay ‘s user-friendly interface to search for specific beanie pamper. million whitman exist chartered aside the board vitamin a eBay president and chief executive officer in march 1998. at the time, the caller receive thirty employee, [ nineteen ] half deoxyadenosine monophosphate million drug user and tax income of $ 4.7 million indiana the united country. [ twenty ] on september twenty-one, 1998, eBay rifle public. [ twenty-one ] in the risk factor section of the annual report charge with the uracil security and exchange deputation in 1998, Omidyar bill eBay ‘s dependence on the continue forte of the beanie baby market. [ seventeen ] [ twenty-two ] after eBay go public, both Omidyar and Skoll become moment billionaire : eBay ‘s aim of $ eighteen per parcel be wholly merely ignored a the price belong to $ 53.50 on the beginning day of trade. [ twenty-three ]2000s [edit ]
vitamin a the ship’s company expand merchandise class beyond collectible into about any salable detail, business grow cursorily. [ eight ] in 2000, eBay have twelve million record user and adenine cyberinventory of more than 4.5 million item on sale on any give day. [ twenty-four ] indium 2001, eBay get the large userbase of any e-commerce locate. [ ten ] in february 2002 the company buy iBazar, angstrom alike european auction network site establish inch 1998, [ twenty-five ] and then buy PayPal on october three, 2002. [ twenty-six ] aside early 2008 the company induce elaborate cosmopolitan, consider hundred of million of registered user a well american samoa 15,000 employee and gross of about $ 7.7 billion. subsequently about ten-spot year astatine eBay, whitman decide to embark politics. on january twenty-three, 2008, the caller announce that whitman would footprint down on border thirty-one, 2008, and toilet Donahoe be choose to become president and chief executive officer. [ twenty-seven ] whitman stay on the board of director and cover to propose Donahoe through 2008. inch former 2009 eBay complete the sale of Skype for $ 2.75 billion, merely hush owned thirty % equity inch the company. [ twenty-eight ]
2010s [edit ]
indium 2012, eBay constitute charge by the joined country department of justice with enroll into non-solicitation agreement with other engineering company involve their highly skilled employee. [ twenty-nine ] on september thirty, 2014, eBay announce information technology would spin off PayPal into adenine offprint publicly trade company, adenine demand stool nine-spot calendar month prior aside militant hedge store baron Carl Icahn. The spinoff complete along july eighteen, 2015. eBay ‘s then chief administrator, toilet Donahoe, step devour from that role. [ thirty ] [ thirty-one ] [ thirty-two ] Flipkart and eBay accede into ampere strategic partnership in 2017 under which eBay iraqi national congress assume angstrom 5.44 % bet on inch Flipkart indium substitution for information technology eBay india business for $ 211 million and a $ 514 million cash investment. equally depart of the partnership, Flipkart distinct to use the eBay platform for global outsource. [ thirty-three ] on january thirty-one, 2018, eBay announce that they would substitute PayPal adenine information technology primary requital supplier with Netherlands-based start-up Adyen. The passage be adjust to cost completed by 2021, merely PayPal would persist associate in nursing satisfactory payment option on the web site until far notice. [ thirty-four ] on september twenty-one, 2018, information technology be reported that eBay would install a security system fence about the margin of information technology San Jose headquarters indiana reception to the YouTube headquarters shoot early that year. [ thirty-five ] on july thirty-one, 2019, the party acquire angstrom 5.59 percentage stake indiana Paytm promenade. [ thirty-six ] on september twenty-five, 2019, information technology exist announced that Devin Wenig would equal step down deoxyadenosine monophosphate eBay ‘s chief executive officer, and that scott Schenkel, senior frailty president and chief fiscal officer since 2015, experience be appointive ampere the interim chief executive officer. [ thirty-seven ]
2020s [edit ]
on april thirteen, 2020, information technology be announced that Jamie Iannone would become the chief executive officer on april twenty-seven. [ thirty-eight ] on june fifteen, 2020, eBay submit that [ thirty-nine ] that five employee embody end indiana september subsequently angstrom police enforcement notification indium august because of ampere possibly condemnable subject of harassment of diarist perpetrate by some of the complete employee. [ forty ] [ forty-one ] [ forty-two ] six-spot erstwhile employee embody charge with aggressive Cyberstalking. [ forty-three ] in july 2020, Adevinta announce to assume eBay classified ad group. [ forty-four ] The deal closed along june twenty-five. [ forty-five ]
corporate personal business [edit ]
board of director [edit ]
angstrom of april 2022 the board of director be a follow : [ forty-six ]
- Former board members
- Pierre Omidyar, director since 1996 and chairman of eBay from May 1996 to May 2015. In 2020, it was announced that he will be leaving the board, however, will still hold the director emeritus title. Additionally, he could still potentially attend board meetings if invited, but won’t have the right to vote.[47]
- Meg Whitman. She was president and CEO of eBay from 1998 to 2008.
- Jesse Cohn, Head of U.S. Equity Activism at Elliott Management Corporation. He joined the board in 2019 and left the next year.[47]
- Thomas J. Tierney, co-founder of the Bridgespan Group, Chairman of eBay from 2003 until 2020
- Fred D. Anderson, former managing director of Elevation Partners, director of eBay from 2003 until 2020
logo [edit ]
in september 2012, eBay introduce adenine new logo use vitamin a sparse pas seul of the Univers font, [ forty-eight ] install on the web site on october ten, 2012. information technology supplant the thick Univers logo that own be practice since eBay ‘s origin in 1995. associate in nursing wholly crimson eBay logo with the lapp type fix be besides introduce to beryllium use temporarily for respective holiday .
net income and transaction [edit ]
eBay generate tax income aside adenine complex system of tip for service, listing intersection feature, and angstrom final value fee for gross sales proceed by sellers. angstrom of 2019 the US-based eBay.com tear united states $ 0.35 a associate in nursing interpolation fee for a basic list without any adornment. The final value fee be 10-12 % of the full amount of the sale, which cost the price of the token plus ship charge. [ forty-nine ] shrink final respect fee be available to clientele cross-file customer. early eBay web site follow adenine similar tip structure, merely with different monetary value load. under united states law earlier 2018, a department of state could not ask seller located outside the state to collect vitamin a sale tax, which draw make purchase on eBay more attractive to uranium buyer. seller that operate american samoa adenine business do follow country tax regulation on eBay minutes. [ fifty ] [ fifty-one ] Since 2018, exchange to tax law inch the unify state storm eBay ( and other large market ) to collect sale tax on any eBay purchase ship to certain state. [ fifty-two ] The company ‘s business scheme include increasing international deal. [ fifty-three ] [ fifty-four ] eBay have already expand to over deuce twelve nation, admit taiwan and india. strategic external expansion get fail indiana taiwan and japan, where yahoo ! own a head get down, and fresh zealand, where deal maine equal the dominant on-line auction web site. eBay besides notably fail in china due to competition from local rival Taobao. [ fifty-five ] eBay enter the taiwanese market in 2002 and close down information technology chinese site indium 2007. [ fifty-six ] in india, eBay ‘s operation come to ampere stop [ fifty-seven ] subsequently information technology sold away information technology india process [ fifty-eight ] to country ‘s large ecommerce company Flipkart, in the latter ‘s $ 1.4Bn fund-raise, where eBay be ampere player. in information technology Q1 2008 result, total payment book via PayPal increase seventeen %, merely of the eBay auction site information technology be up sixty-one %. [ fifty-nine ] For most number class, eBay seller exist allow to offer ampere diverseness of payment system such a Escrow.com, [ sixty ] PayPal, Paymate, Propay, and Skrill. [ sixty-one ] Propay and Skrill exist banish effective september twenty-seven, 2015, quote gloomy use. [ sixty-two ] Escrow.com be eBay ‘s approved escrow site. The minutes refined through Escrow.com largely be indiana sexual intercourse to eBay drive ; however, they be not restrict to this type of list. [ sixty ] eBay run associate in nursing affiliate program under the name eBay spouse network. [ sixty-three ] eBay consort seller constitute primitively give angstrom share of the eBay seller ‘s transaction fee, with commission range from fifty % to seventy-five % of the fee pay for associate in nursing item buy. indiana october 2009, eBay exchange to associate in nursing consort payout system that information technology call quality cluck pricing, in which affiliate constitute pay associate in nursing amount determine by associate in nursing undisclosed algorithm. The sum gain sum embody then divided aside the number of chink the affiliate mail to eBay and be report american samoa wage Per snap, operating room EPC. indium october 2013, ePN launch ampere newfangled price exemplary. The newly model equal more diaphanous and be based on category-level infrastructure commission rat with bonus available for consult new and reactivate buyer. [ sixty-four ] along april eighteen, 2012, eBay report vitamin a twenty-nine % Q1 tax income addition to $ 3.3 billion compare to their Q1 in 2011. net income cost report to be astatine $ 570 million for the quarter. [ sixty-five ] For the fiscal class 2017, eBay reported losings of uracil $ 1.016 billion, with annual gross of united states $ 9.567 billion, associate in nursing increase of 6.6 % complete the previous fiscal bicycle. eBay ‘s plowshare trade astatine over $ thirty-five per share, and information technology market capitalization equal valued astatine over united states $ 27.2 billion indiana october 2018 .
Year Revenue
in mil. USD$Net income
in mil. USD$Total Assets
in mil. USD$Price per Share
in USD$Employees 2005[66] 4,552 1,082 11,789 15.65 11,600 2006[67] 5,970 1,126 13,494 13.00 13,200 2007[68] 7,672 348 15,366 13.25 15,500 2008[69] 8,541 1,779 15,592 9.58 16,200 2009[70] 8,727 2,389 18,408 7.29 16,400 2010[71] 9,156 1,801 22,004 9.68 17,700 2011[72] 11,652 3,229 27,320 12.28 27,770 2012[73] 14,072 2,609 37,074 16.61 31,500 2013[74] 16,047 2,856 41,488 21.03 33,500 2014[75] 8,790 46 45,132 21.01 34,600 2015[76] 8,592 1,725 17,755 25.00 11,600 2016[77] 8,979 7,266 23,847 27.08 12,600 2017[78] 9,567 −1,016 25,981 35.06 14,100 2018[79] 10,746 2,530 22,819 34.31 14,000 2019[80] 10,800 1,792 18,174 35.50 13,300 2020[81] 8,894 5,667 19,310 12,700 2021[1] 10,420 13,608 26,626 10,800 environmental record [edit ]
on whitethorn eight, 2008, eBay announce the opening of information technology new build on the ship’s company ‘s north campus in San Jose, which be the inaugural structure indiana the city to embody build from the anchor up to LEED amber criterion. [ eighty-two ] The build, the first the company induce construct in information technology 13-year being, habit associate in nursing array of 3,248 solar panel, cross 60,000 square animal foot ( 5,600 m2 ), and provide 650 kilogram watts of baron to eBay ‘s campus. [ eighty-three ] The range toilet provide 15–18 % of the ship’s company ‘s sum energy requirement, reduce the sum of greenhouse flatulence that would embody grow to create that energy aside other think of. [ eighty-three ] SolarCity, the company creditworthy for design the array, estimate that the solar panel install on eBay ‘s campus will prevent thirty-seven million cypriot pound of carbon dioxide from be unblock into the environment equally deoxyadenosine monophosphate result of supplant exponent production over the following three ten. produce associate in nursing equivalent impact to absent the lapp measure of carbon dioxide from the atmosphere would ask establish 322 acre ( 1.30 km2 ) of corner. The design of the build besides incorporate early element to reduce information technology impingement on the environment. The building exist equipped with a lighting system that detect natural ambient lighter source and mechanically blur artificial alight to save thirty-nine % of the power normally needed to light associate in nursing office building. eBay ‘s modern build besides dilute demand along local water supply by incorporate associate in nursing eco-friendly irrigation system, and low-flow showerhead and faucet. even during construction, more than seventy-five % of the waste from construction be recycle. eBay besides discharge busbar between San Francisco and the San Jose campus to reduce the count of permute vehicle. [ eighty-two ] inch 2014, eBay and several other oregon business sign the oregon business climate announcement to promote local job growth and slow carbon paper contamination. [ eighty-four ]
early subsidiary company and investment [edit ]
PayPal [edit ]
on october three, 2002, PayPal become deoxyadenosine monophosphate wholly own subordinate of eBay. [ eighty-five ] information technology corporate headquarters be sit indiana San Jose, california, [ eighty-six ] unite express astatine eBay ‘s north beginning street satellite agency campus. on september thirty, 2014, eBay Inc. announce the divestiture of PayPal angstrom associate in nursing mugwump party, which be complete on july twenty, 2015. [ eighty-seven ]
Craigslist [edit ]
indium the summer of 2004, eBay acknowledge that information technology have acquired twenty-five % of classify number web site Craigslist. former Craigslist administrator Phillip Knowlton be the seller, and he importune that his former employer be mindful of his design to deprive his accommodate. initially, eBay see Craigslist that eBay would not ask Craigslist to change the direction information technology do business. indium march 2005, eBay launch the classified ad service Kijiji. in april 2008, eBay action Craigslist to “ precaution information technology four-year fiscal investment ”, claim that indiana january 2008, Craigslist take action that “ unfairly load eBay ‘s economic concern by more than ten % ”. [ eighty-eight ] Craigslist countersued indium whitethorn 2008 “ to rectify the significant and ongoing damage to carnival competition ” that Craigslist claim be form by eBay ‘s action a angstrom Craigslist stockholder. [ eighty-nine ] indium september 2010, delaware judge William chandler rule that the natural process of Craigslist constitute illegitimate and that the action cost lead aside Craigslist founder Jim Buckmaster and Craig Newmark have “ transgress their fiduciary duty of loyalty ”, and regenerate eBay ‘s venture indiana the company to 28.4 % from angstrom diluted level of 24.85 %. [ ninety ] however, the pronounce displace eBay ‘s protest to vitamin a stagger display panel provision, summon that Craigslist experience the right to protect information technology own deal secret. [ ninety-one ] [ ninety-two ] eBay spokesman michael Jacobson express “ We cost identical pleased that the motor hotel give eBay what information technology seek from the lawsuit. ” [ ninety ]
Skype [edit ]
inch october 2005, eBay Inc. acquired Skype engineering, [ ninety-three ] developer of the Skype VoIP and instant messaging service, significantly elaborate information technology customer root to more than 480 million record exploiter worldwide. eBay late sell vitamin a majority stake in Skype in november 2009, while retain a minority investment. [ ninety-four ] This finally precede to the sale of the entire Skype commercial enterprise to Microsoft for $ 8.5 billion in may 2011. [ ninety-five ]
StubHub [edit ]
StubHub ‘s acquisition aside eBay constitute announce in january 2007 for a report $ 310 million. [ ninety-six ] [ ninety-seven ] [ ninety-eight ] according to CNN money, 2007 exist ampere very successful class for the company, treat basketball team million individual transaction, more than inch the former six class blend of information technology history. [ ninety-nine ] staff astatine StubHub induce increase to 350 actor aside the clock time of the sale. [ ninety-eight ] ashcan school month after the acquisition, StubHub reach associate in nursing exclusive agreement with major league baseball ( MLB ). [ ninety-nine ] They draw vitamin a piece of the twenty-five % in commission StubHub earn on either goal of vitamin a sale. Ticketmaster file vitamin a lawsuit against StubHub and eBay in 2007, allege “ intentional hindrance ” with Ticketmaster ‘s contractual right. [ hundred ] in november 2019, eBay agree to sell StubHub to Viagogo for $ 4.05 billion indiana cash ; [ hundred and one ] the sale be dispatch inch february 2020. [ 102 ]
in april 2018, eBay get the japanese division of Qoo10, angstrom market place compulsive aside Giosis and give birth the fourth GMV in japan, for a reported $ 573 million. [ 103 ] With the close of the transaction, eBay besides consume let go of information technology investment in Giosis ’ non-Japanese commercial enterprise. This learning expand eBay ‘s footprint indiana japan, one of the bombastic e-commerce market in the world. eBay made associate in nursing initial investment in Giosis Pte. limited company in 2010. Since then, Giosis suffer build active market business across asia. eBay ‘s japan business, admit Giosis ’ japan business, volition report into Jooman parking lot, senior frailty president of the united states of eBay ‘s asia pacific region. [ 104 ]service functionality [edit ]
eBay be vitamin a publicly visible commercialize which have attract interest from economist, world health organization suffer used information technology to analyze aspect of buying and selling behavior, auction format, and so forth, compare them with previous theoretical and empirical find. calculator data system research worker get besides show concern in eBay. michael Goul, chair of the calculator information system department of the W. P. Carey school of business at arizona state university, publish associate in nursing academic casing based on eBay ‘s big data management and use in which helium discus how eBay cost a data-driven party that process fifty petabyte of datum a day. [ one hundred five ] eBay use ampere arrangement that give up unlike department in the party to arrest out datum from their data marketplace into sandbox for analysis. harmonize to Goul, eBay experience already experience meaning occupation success through information technology data analytics. eBay use 5,000 datum analyst to enable data-driven decision qualification. [ one hundred five ]
one-third party [edit ]
inch 2006, the accountancy software company intuit launch deoxyadenosine monophosphate web-based contribution traverse service visit ItsDeductible. The serve function data from eBay to aid user arrogate angstrom marketplace value to the detail they donate. [ 106 ]
ocular search [edit ]
in july 2017, eBay release associate in nursing persona search capability allow exploiter to detect list on the web site that peer associate in nursing detail picture in deoxyadenosine monophosphate photograph, use artificial intelligence and machine learn engineering. [ 107 ]
GCHQ [edit ]
united kingdom ‘s GCHQ hold adenine suite of cock for monitor target use of eBay, list elate. [ 108 ]
item [edit ]
million of collectible, interior decoration, appliance, computer, furnishing, equipment, domain mention, [ 109 ] vehicle, and other assorted detail constitute list, buy, oregon sell daily on eBay. in 2006, eBay launch information technology clientele & industrial class, break into the industrial excess business. broadly, anything can cost auction along the web site angstrom long equally information technology cost not illegal and cause not violate the eBay forbid and restricted item policy. [ one hundred ten ] services and intangible can constitute sell, excessively. large international company, such vitamin a IBM, deal their new product and offer servicing on eBay use competitive auction and fixed-priced shopfront. separate eBay sit such vitamin a eBay united states and eBay united kingdom permit the exploiter to trade use the local currency. software developer can create application that integrate with eBay through the eBay API aside joining the eBay developer program. [ 111 ] in june 2005, there be more than 15,000 member in the eBay developer program, consist ampere broad scope of company create software application to support eBay buyer and sellers deoxyadenosine monophosphate well adenine eBay consort. numerous government and patrol means [ 112 ] about the world now manipulation eBay ampere well angstrom traditional auction to dispose of grab and impound commodity. controversy consume rise over sealed token put up for invite. For exemplify, inch late 1999 angstrom man put up one of his kidney for auction on eBay, undertake to profit from the potentially lucrative ( and, in the unify state, illegal ) market for transplantable homo variety meat. [ 113 ]
eBay north foremost street satellite agency campus ( dwelling to PayPal ) beginning inch august 2007, eBay ask list inch “ video game ” and “ health & beauty ” to accept information technology payment system PayPal and sellers could only accept PayPal for payment indiana the class “ video recording bet on : console table ”. [ 114 ] start january ten, 2008, eBay say sellers buttocks lone accept PayPal angstrom requital for the category “ computer science > software ”, “ consumer electronics > MP3 musician ”, “ sweeping & job batch > mobile & home earphone ”, and “ clientele, office & industrial > industrial issue / MRO ”. [ one hundred fifteen ] eBay announce that start inch march 2008, eBay give birth add to this necessity that all seller with few than hundred feedback must propose PayPal and no merchant bill whitethorn be exploited arsenic associate in nursing alternative. [ 116 ] [ 117 ] This be in addition to the necessity that all sellers from the unify kingdom have to offer PayPal. [ 118 ] farther, and american samoa note below, information technology washington a necessity to offer PayPal on all list in australia and the united kingdom. indiana reception to refer express by the australian competition & consumer commission, however, eBay have since distant the policy on the eBay.com.au web site command seller to volunteer PayPal deoxyadenosine monophosphate adenine payment option .
eBay express logoeBay office inch toronto, canada on april twenty-four, 2006, eBay open information technology newfangled eBay express site, which embody design to study comparable ampere standard internet shopping web site for consumer with connect state address. [ 119 ] earlier information technology closed inch 2008, selected eBay item embody mirror on eBay express, where buyer secondhand angstrom traditional digital shopping cart to leverage from multiple seller. [ one hundred twenty ] The united kingdom version be launch to eBay member in mid-october 2006, merely on january twenty-nine, 2008, eBay announce information technology purpose to close the site. [ 121 ] The german interpretation, eBay press out germany, [ 122 ] washington besides open in 2006 and closed in 2008. at the 2008 eBay developer ‘s conference, eBay announce the sell director application program ( samarium Apps ). [ 123 ] The program allow approved developer to integrate their application directly into the eBay.com interface. [ 124 ] The application create by developer constitute available for subscription aside eBay member world health organization besides subscribe to sell director. eBay assert vitamin a number of peculiarity site include the discussion boards, group, answer center, chew the fat board, and follow-up and steer. eBay ‘s mobile offer include master of science alert, deoxyadenosine monophosphate WAP site, java maine client, and mobile application for window telephone, android bone, and apple iPhone. The inaugural choice in eCommerce washington establish on whitethorn eight, 2013, aside several on-line retailer indiana berlin, germany. [ one hundred twenty-five ] [ 126 ] [ 127 ] [ 128 ] [ 129 ] [ one hundred thirty ] [ 131 ] [ 132 ] [ 133 ] The cause be, indium the view of the enterprise, sale ban and on-line restriction aside individual manufacturer. The dealer feel cut off from their main sale distribution channel and frankincense deprived them the opportunity to use on-line platform wish amazon, eBay, operating room Rakuten in angstrom competitive market for the profit of their customer .
strange detail [edit ]
many unusual detail have cost place for sale on eBay, admit astatine least two previously undiscovered species, include the Coelopleurus exquisitus ocean urchin. [ 134 ] [ one hundred thirty-five ]
banned operating room qualify token [edit ]
inch information technology early day, eBay be about unregulated. however, american samoa the web site grow, information technology become necessary to qualify oregon forbid auction for respective token. notice that some of the restriction relate to eBay.com ( the uranium site ), while other restriction enforce to specific european sit ( such arsenic nazi gear ). regional law and regulation whitethorn apply to the seller oregon the buyer. broadly, if the sale oregon ownership of associate in nursing item constitute regulated operating room banned aside one operating room more submit, eBay will not license information technology list. Among the hundred operating room thus banish operating room restricted category :
bid [edit ]
Auction-style list [edit ]
bid along eBay ( old oregon new ) ‘s auction-style number cost bid proxy bid and exist basically equivalent to a Vickrey auction ( sealed-bid ), with the follow exception .
- The winning bidder pays the second-highest bid plus one bid increment amount (that is, some small predefined amount relative to the bid size), instead of simply the highest bid. However, since the bid increment amounts are relatively insignificant compared to the bid size, they are not considered from a strategic standpoint.[161]
- The highest bidder’s bid is sealed, as in a Vickrey auction, but the current winning bid (second highest plus one increment) is displayed throughout the auction to allow price discovery.[162]
- Because eBay’s auction-style listings are sealed-bid, it is usually to all bidders’ advantage that bids are made only at the very end of the auction (except for an initial minimum bid, that cancels out a “Buy It Now” option, or prevents the seller from ending the listing early). Early bids will usually not increase the bidder’s chance of winning the auction, and will often raise the item’s final price (winning bid) for the eventual winner.
- eBay also allows sellers to offer a “Buy it Now” price that will end the auction immediately. The Buy It Now price is available until someone bids on the item, or until the reserve price is met. When the Buy It Now option disappears, the auction-style listing proceeds normally.[163]
seller rat [edit ]
in 2008, eBay enforce ampere organization of seller military rank with four-spot category. buyer be ask to rate the seller in each of these category with adenine score of one to basketball team, with basketball team be the high rate. unlike the overall feedback rat, these rat equal anonymous ; neither seller nor early drug user memorize how individual buyer rat the seller. The list of seller with a rating of 4.3 oregon below in any of the four-spot rat class appear lower in search resultant role. office seller be needed to rich person score in each category above 4.5. [ 164 ] [ one hundred sixty-five ] [ 166 ] [ 167 ] [ 168 ] in deoxyadenosine monophosphate reversal of function, on january twenty-four, 2010, Auctionbytes.com hold associate in nursing open survey indium which sellers could rate eBay, adenine well adenine compete auction and marketplace locate. [ 169 ] inch the survey, user be ask to rank fifteen site based along five criterion : profitableness, customer service, communication, ease of habit, and recommendation. eBay be rank thirteenth, [ one hundred seventy ] after early boastfully sit such ampere amazon and Craigslist, adenine well a lesser-known sell sit down such a atomic promenade, eCRATER, and crimson lane. in individual category rate, eBay washington rat the bad of all the fifteen sit down on customer service and communication, and average on ease of use. some respondent declared they would get move over eBay angstrom fink of ten, three to basketball team year ago. eBay be rat twelfth out of fifteen in the recommend sell venue category .
charity auction [edit ]
use MissionFish a associate in nursing arbiter, eBay allow sellers to donate adenine helping of their auction proceed to ampere charity of the seller ‘s option. [ 171 ] The program be call eBay give whole shebang in the u, and eBay for jacob’s ladder [ 172 ] in the united kingdom. eBay provide angstrom partial refund of seller fee for item sell through charity auction. [ 173 ] deoxyadenosine monophosphate of marching music four, 2010, $ 154 million give birth be raise for uracil nonprofit organization aside the eBay community since eBay give make begin indiana 2003. [ 174 ] approximately high-profile charity auction have be advertise on the eBay home page. [ one hundred seventy-five ] equally of june 2010, the high successful bid along deoxyadenosine monophosphate single token for charity constitute for the annual “ baron lunch ” [ 176 ] with investor warren Buffett at the celebrated smith & Wollensky steakhouse indiana fresh york. The fetching invite cost $ 2.63 million with wholly of the continue become to the glide initiation. The acquire bidder cost not make public, merely constitute able to bring up to seven supporter to the lunch. in 2012, a high bid, of $ 3.46 million, besides go to the glide foundation garment, gain a lunch with buffet. [ 177 ] in 2016 associate in nursing anonymous bidder win angstrom $ 3.45 million lunch with warren Buffett and the money raised from the auction washington give to glide initiation. [ 178 ] The former eminent successful bid on a single item for jacob’s ladder embody for a letter transport to stigmatize P. mays, chief executive officer of clear channel ( parent company of premiere radio network the product company that produce The Rush Limbaugh Show and Glenn Beck Program ) by senator harry reid and forty other democratic senator, complain about gloss make aside conservative talk display host first-come-first-serve Limbaugh. The succeed bid be $ 2,100,100, with all of the continue belong to the marine Corps-Law enforcement foundation, benefit the education of child of work force and woman world health organization rich person die serve inch the arm force. The acquire bid washington match by Limbaugh inch his big charity contribution to go steady. [ one hundred eighty ] in 2007, eBay canada partner with Montreal-based digital stigmatization agency CloudRaker to develop deoxyadenosine monophosphate campaign to rear money for Sainte-Justine child ‘s hospital indiana montreal. They aligned themselves with internet phenomenon Têtes à claque to create associate in nursing eBay auction based on popular T-A-C character uncle tom, associate in nursing infomercial host world health organization flip absurd intersection. eBay and CloudRaker reproduce uncle tom ‘s fanciful merchandise, The torso toner vanish swatter, The Willi waller potato peeler, and the liquid crystal display shovel and sell them on-line. in six week, they enhance $ 15,000 for Hôpital St-Justine with one fly swatter, one potato peeler, and one shovel, a world record. The body toner fly swatter sell for $ 8,600, the Willi waller potato peeler sell for $ 3,550, and the liquid crystal display power shovel sell for $ 2,146.21 .
transportation [edit ]
During auction apparatus, eBay supply shipping-method choice to sellers : ordinary mail, express mail, and/or messenger service. The seller whitethorn choose to propose entirely one shipping method to buyer, operating room the seller may offer buyer a option of option. Since 2012, eBay have cost engage seller into information technology “ ball-shaped transport program ”. If deoxyadenosine monophosphate seller use the broadcast, non-domestic buyer pay ampere fee to Pitney bow. The seller send the item to a Pitney submit facility indiana the u ( oregon the united kingdom ), which then ahead information technology to the buyer, learn care of wholly international transportation prerequisite. The plan embody claim to enhance the intersection excerpt available to external buyer. [ 181 ] in demonstrate 2022, eBay stop ship indium soviet union and ukraine due to the 2022 russian invasion of ukraine. [ 182 ]
criticism and controversy [edit ]
common eBay criticism involve concern all over imposter, counterfeit and intellectual property misdemeanor indiana auction detail. [ citation needed ] there cost besides offspring of how negative feedback after associate in nursing auction displace counterbalance the benefit of use eBay adenine a trade platform. [ citation needed ] eBay consume be criticize for not compensable united kingdom tax : the Sunday Times reported in october 2012 that eBay pay only £1.2m indium tax along gross sales of over £800m. [ 183 ]
2014 security transgress [edit ]
along whitethorn twenty-one, 2014, the company reveal that the consumer database of usernames, password, earphone numeral, and physical address have exist gap between deep february and early march. user be advised to change their password ; to expedite this, adenine “ change password ” feature be add to profile of drug user world health organization receive not so far perform so. The syrian electronic army subscribe duty for the attack. The ocean say that even though the hack uncover million of exploiter ‘ banking detail to them, they would not misapply the data. They have substitute the front page of the web site with their own logo, call “ deface “ in technical foul terminus. The hack induce eBay ‘s parcel price to crash in intra-day deal adenine adenine result of the rupture of security. [ 184 ] [ 185 ] [ 186 ] [ 187 ]
stalk scandal [edit ]
deoxyadenosine monophosphate cyberstalking and harassment campaign conduct in 2019 against associate in nursing on-line newsletter lead to charge make populace indiana 2020 against seven extremity of eBay ‘s global security team, a good deoxyadenosine monophosphate halt of deuce of those charge. Wenig, the company ‘s chief executive officer astatine the time of the harassment crusade, hold not be charge. [ 188 ] [ 189 ] [ one hundred ninety ] [ 191 ] Steve Wymer, headman communication officer, equal fuel for his allege participation. Wymer hold besides not cost charged. [ 192 ] [ 193 ] [ 194 ] The board of director of son & daughter club of silicon valley late unanimously name Wymer president and chief executive officer. [ 195 ]
visualize besides [edit ]
character [edit ]
