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Coordinates: 37°17′43″N 121°55′34″W  /  37.2952°N 121.9260°W  / 37.2952; -121.9260 eBay Inc. ( / ˈ iː b eɪ / EE -bay , stylized ebay ) is an American multinational e-commerce corporation based in San Jose, California, that facilitates consumer-to-consumer and business-to-consumer sales through its website. eBay was founded by Pierre Omidyar in 1995, and became a notable success story of the dot-com bubble. eBay is a multibillion-dollar business with operations in about 32 countries, as of 2019. The company manages the eBay website, an online auction and shopping website in which people and businesses buy and sell a wide variety of goods and services worldwide. The website is free to use for buyers, but sellers are charged fees for listing items after a limited number of free listings, and again when those items are sold. In addition to eBay's original auction-style sales, the website has evolved and expanded to include: instant "Buy It Now" shopping; shopping by

1990s 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. One of the first items sold on AuctionWeb was a broken laser pointer for $14.83. 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. 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. The monthly price increase from $30 to $250 prompted him to start charging eBay users, who did not object. citation needed Chris Agarpao was eBay's first additional employee to process mailed check payments. Jeffrey Skoll was hired as the first new president of the c

Board of directors As of October 2019 the board of directors was as follows: Thomas J. Tierney, co-founder of the Bridgespan Group, Chairman of eBay since March 2003 Fred D. Anderson, former managing director of Elevation Partners, director of eBay since July 2003 Anthony Bates, CEO of Genesys Adriane M. Brown, advisor at Intellectual Ventures, LLC Diana Farrell, CEO of JPMorgan Chase Institute Logan Green, CEO of Lyft Bonnie Hammer, Chairman, NBC Universal Kathleen Mitic, CEO of Sitch, Inc. Matt Murphy, CEO of Marvell Technology Group Paul Pressler, Partner at Clayton, Dubilier & Rice, LLC Bob Swan, CEO of Intel Corporation Perry Traquina, CEO of Wellington Management Company 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

eBay is a publicly visible market which has attracted interest from economists, who have used it to analyze aspects of buying and selling behavior, auction formats, etc., comparing them with previous theoretical and empirical findings. Computer information systems researchers have also shown interest in eBay. Michael Goul, Chairman of the Computer Information Systems department of the W. P. Carey School of Business at Arizona State University, published an academic case based on eBay's big data management and use in which he discusses how eBay is a data-driven company that processes 50 petabytes of data a day. eBay uses a system that allows different departments in the company to check out data from their data mart into sandboxes for analysis. According to Goul, eBay has already experienced significant business successes through its data analytics. eBay employs 5,000 data analysts to enable data-driven decision making. Third party In 2006 the accounting software company Intuit laun

Common eBay criticisms involve the policy of requiring the use of PayPal for payments and concerns over fraud, forgeries and intellectual property violations in auction items. citation needed There are also issues of how negative feedback after an auction can offset the benefits of using eBay as a trading platform. citation needed eBay has been criticized for not paying UK taxes: the Sunday Times reported in October 2012 that eBay paid only £1.2m in tax on sales of over £800m. 2014 security breach On May 21, 2014, the company revealed that the consumer database of usernames, passwords, phone numbers, and physical addresses had been breached between late February and early March. Users were advised to change their passwords; to expedite this, a "change password" feature was added to profiles of users who had not yet done so. The Syrian Electronic Army took responsibility for the attack. The SEA said that even though the hack revealed millions of users' banking details t