EBay was founded in Pierre Omidyar’ s San Jose living room in September 1995.From the start, it was meant to be a marketplace fo

EBay was founded in Pierre Omidyar’s San Jose living room in September 1995. From the start, it was meant to be a marketplace for the sale of goods and services for individuals.
      EBay has built an online person-to-person trading community on the Internet, using the World Wide Web. Buyers and sellers are brought together in a manner where sellers are permitted to list items for sale, buyers to bid on items of interest and all eBay users to browse through listed items in a fully automated way. The items are arranged by topics, where each type of auction has its own category.
      EBay has both streamlined and globalized person-to-person trading, which has traditionally been conducted through such forms as garage sales, collectible shows, flea markets and more, with their web interface. This facilitates easy exploration for buyers and enables the sellers to immediately list an item for sale within minutes of registering.
      And it is big business. EBay quickly shed the image of only auctioning collectibles and moved into an array of upscale markets where the average sale price is higher. Since eBay charges fees which consist of a percentage of an item’s selling price, this is important for the company’s profit. By forging partnerships with name brands such as GM, Disney and Sun, eBay is making high profits.