Notes

eBay Inc, EBAY:NSQ summary - FT.com

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<h1 style="clear:both" id="content-section-0">eBay's US sales grow 22% in 2020 adding 11 million new Fundamentals Explained<br></h1>
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<p class="p__0">com was already taken by a gold mining business, so Omidyar shortened it to e, Bay. com. In 1997 the company received $6. 7 million in financing from the endeavor capital company Criteria Capital. The often duplicated story that e, Bay was founded to assist Omidyar's fiance trade Pez sweet dispensers was fabricated in 1997 by public relations manager Mary Lou Song to give the media a human-interest story more appealing than Omidyar's original vision of a "ideal market". The Pez dispenser myth created massive publicity and caused explosive early growth amongst toy collectors. The leader in the toy classification rapidly became Beanie Babies produced by Ty, Inc., the most difficult toys to find in retailers.</p>
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<p class="p__1">However, it was overwhelmed with unsortable listings, producing an immediate need for a more efficient online trading system. Found Here ended up being the dominant item on e, Bay, representing 10% of all listings in 1997, as collectors thronged e, Bay's user-friendly interface to browse for specific Beanie Infants. Meg Whitman was hired by the board as e, Bay president and CEO in March 1998. At the time, the company had 30 employees, half a million users and revenues of $4. 7 million in the United States. On September 21, 1998, e, Bay went public. In the threat aspects area of the annual report filed with the United States Securities and Exchange Commission in 1998, Omidyar keeps in mind e, Bay's dependence on the ongoing strength of the Beanie Infants market.</p>
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<p class="p__2">50 on the very first day of trading. As the company expanded product classifications beyond collectibles into practically any saleable product, company grew quickly. In 2000, e, Bay had 12 million signed up users and a cyberinventory of more than 4. 5 million products on sale on any offered day. In 2001, e, Bay had the biggest userbase of any e-commerce site. In February 2002 the business acquired i, Bazar, a similar European auction web website founded in 1998, and after that purchased Pay, Buddy on October 3, 2002. By early 2008 the company had actually broadened worldwide, counting numerous countless signed up users along with 15,000 workers and earnings of nearly $7.</p>
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