ebay
Transcript: In 1996 eBay hired its first employee and in November 1996, eBay entered into its first third-party licensing deal, with a company called Electronic Travel Auction to use Smart Market Technology to sell plane tickets and other travel products. 1998 the company has 30 employees, half a million users and revenues of $4.7m in the United States. In 2002, the company purchased IBazar, a similar European auction web site founded in 1995 and then bought PayPal on October 14, 2002. 2008 – In early 2008, the company had expanded worldwide had hundreds of millions of registered users, more than 15,000 employees and revenues of almost $7.7billion. In late 2009, eBay sold Skype for $2.75billion, but retained a 30pc stake EBay was build up by French born Iranian American computer programmer Pierre Omidiyar in 1995. EBAY'S IMPACT The boom of online business in the early 2000’s. boom in the use of credit cards and online payment systems. Businesses could maintain virtual presences on the world wide web, minimizing overheads and thus maximizing profits eBay is similar to Facebook provided a platform to buyers and sellers for exchange of goods and services. This is an online auction website designed to facilitate people to do online business. In1997 the site hosted 2,000,000 auctions and the company officially changed its name from Auction web to eBay . EBAY'S ICONIC IMPRESSION ROMEISA KHAN ON E-COMERCE Cutting out the middle-man Cheap and easy to list and buy Secure Hard to find goods and services Chance to convert surplus stuff into cash Opportunity to set up ‘storefronts’ Many businesses launched this way and became success stories Tiffany Tanaka Annual Sale :$2.5 million Product: Consignment sale with a variety of products Chris and Lisa Annual Sale : 8 million Product : electronic equipment 2010 – July 2010, eBay was sued for $3.8billion by XPRT Ventures for stealing information shared in confidence by the inventors on XPRT's own patents. In December this year eBay outlines plans to buy a German online shopping club called brand4friends for €150m. The deal is subject to competition inquiries in 2011. EBAY'S JOURNEY FROM 1995 TO 2012 eBay has built an online person-to-person trading community on the Internet, using the World Wide Web THANK YOU SUCCESS Dan Glasure Annual Sale :$2.5 Product: Model trains and train accessories INTRODUCTION THE CONCEPT OF E-COMMERCE
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