Chris Agarpao was eBay's first employee he processed mailed check payments. The monthly price increase from $30 to $250 prompted him to start charging eBay users, who continued to use the site.
Reportedly, eBay was simply a hobby for Omidyar until his Internet service provider informed him he would need to upgrade to a business account due to his high website traffic. Astonished, Omidyar contacted the winning bidder to ask if he understood that the laser pointer was broken the buyer explained: "I'm a collector of broken laser pointers." It soon became the first online auction site allowing person-to-person transactions, and its popularity boomed. One of the first items sold on AuctionWeb was a broken laser pointer for $14.83.
The AuctionWeb was founded in California on September 3, 1995, by French-born Iranian-American computer programmer Pierre Omidyar as part of a larger personal site.
( / ˈ iː b eɪ/ EE-bay) is an American multinational e-commerce company based in San Jose, California, that facilitates consumer-to-consumer and business-to-consumer sales through its website.
Auction Co., iBazar, GittiGidiyor, G-Market,, Qoo10.jpĮBay Inc.
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