EBay Introduction

Though most people may already know about Ebay I feel that it is important to provide a little background information on one of the internet's most productive businesses. Ebay is quick to point out its succes on the main page of their website:
"With more than 88 million active users globally, eBay is the world's largest online marketplace, where practically anyone can buy and sell practically anything. Founded in 1995, eBay connects a diverse and passionate community of individual buyers and sellers, as well as small businesses. Their collective impact on e-commerce is staggering: In 2008, the total worth of goods sold on eBay was $60 billion -- $2,000 every second."(http://www.ebayinc.com/who)
Though this self-promotion may seem boastful, it is very difficult to argue with the facts!
Ebay was founded by Pierre Omidyar in 1995. Omidyar, a San Diego native, orginially planned on creating a marketplace for individuals in which they could buy/sell goods and services amongst eachother. The company really took off when it formed partnerships with big named companies such as GM & Disney and the value of the products being sold increased dramatically.

In upcoming blogs I will discuss the auctioning process as well as some of the positives and negatives associated with this online marketplace.