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eBay Inc. – Overview
Founded on September 3, 1995 by French-born Iranian-American computer programmer Pierre Omidyar; eBay Inc. is a multibillion-dollar e-commerce corporation headquartered in San Jose, California, which operates in about 30 countries. Through its online auction and shopping website (available for mobile devices too), the company enables consumer-to-consumer and business-to-consumer sales. As of September 2014, eBay expanded its subsidiaries list with over 40 companies, including Skype, PayPal, StubHub, and Craigslist.
Its key people at the current time are Thomas J. Tierney (Chairman) and Devin Wenig (CEO).
What kind of products and services does eBay Inc. provide?
The eBay Inc. company operates e-commerce platforms that connect various buyers and sellers worldwide. Through its online marketplace (ebay.com), as well as the eBay mobile apps (StubHub), buyers are free to purchase anything listed for sale. Over the years the company expanded to include “Buy It Now” shopping; shopping by UPC, ISBN (via Half.com); online classified advertisements (via Kijiji, eBay Classifieds Marktplaats, eBay Kleinanzeige, and others), which allow users to find whatever they are looking for in their local communities; and online event ticket trading (via StubHub).
Overall, eBay services allow people to find, buy, sell, and pay for items through various channels – online, mobile; and offline channels that include retailers, distributors, liquidators, auctioneers, catalog and mail-order companies, import and export companies, classifieds, directories, commerce participants, shopping channels, and networks.
On October 3, 2002; eBay purchased PayPal, which became a wholly owned subsidiary of the company1; however, on July 20, 2015, PayPal became an independent company. In 2005, eBay Inc. acquired Skype Technologies expanding its customer base to over 480 million registered users worldwide2. In spite of the success, after selling a majority stake in Skype, the entire Skype business was purchased by Microsoft for $8.5 billion, in May 2011.
eBay Inc. stock trading information
After eBay went public, both Omidyar and Jeffrey Skoll, the first presidents of the company, became instant billionaires, as eBay’s target share went to $53.50 on the first day of trading5. The eBay corporation (EBAY) is now listed on the NASDAQ stock market and it’s also a component of the reputable NASDAQ – 100 and S&P 500 stock market indexes. If you want to trade the eBay Inc. share price or buy eBay shares, then this is the right time and the best trading platform. Join TradeFW today and trade eBay stocks!
- eBay Inc. Staff, “eBay & PayPal to Become Independent Companies in 2015”, Sep, 30, 2014, ebayinc.com, https://www.ebayinc.com/stories/news/ebay-paypal-become-independent-companies-2015/
- “eBay to Acquire Skype”, Sep, 12, 2015, businesswire.com, https://www.businesswire.com/news/home/20050912005456/en/eBay-Acquire-Skype
- Michael Arrington, Michael Arrington, 2007, techcrunch.com, https://techcrunch.com/2007/01/10/its-official-ebay-is-buying-stubhub-for-310-million/
- “eBay Inc. Reports Third Quarter 2016 Results”, Oct, 2016, ebayinc.com, https://www.ebayinc.com/stories/news/ebay-inc-reports-third-quarter-2016-results/
- Dawn Kawamoto, “eBay roars into public trading”, Jan, 2002, cnet.com, https://www.cnet.com/news/ebay-roars-into-public-trading/