Today in History: 20th anniversary of eBay
On September 3, 1995, a small online auction website was founded under the name of AuctionWeb by Pierre Omidyar. Back then, no one would have guessed that what was later renamed as eBay was set to become one of the biggest e-commerce websites in the world.
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Here is what the website originally looked like:
One year later, eBay hired its first employee and entered a third-party licensing deal to sell plane tickets and travel products. Only two years after coming to life, the website hosted two million auctions and officially change its name to what we all know today. In 1998 the company still had only 30 employer but its users grew to half a million and they generated $4.7 million in revenue until eBay made its founders billionaires by going up on the stock exchange.
By 2008 the company had expanded globally and registered hundred of millions of users, more than 15,000 employees and $7.7 billion in revenue. In the recent years eBay has been keeping up with fierce competitors such as the giant Amazon and Alibaba who join the race to conquer the e-commerce world.
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