Always a part of my ebay listing is the item, "Teach Your Child How To Read In 90 Days!" which this website promotes.
Did you know that....
eBay was created in September 1995, by a man called Pierre Omidyar, who was living in San Jose. He preferred his site - then called 'AuctionWeb' - to be an online marketplace, and wrote the first code for it in one weekend. The name 'eBay' comes from the domain Omidyar used for his site. His company's name was Echo Bay, and the 'eBay AuctionWeb' was originally just one part of Echo Bay's website at ebay.com. The first thing ever sold on the site was Omidyar's broken laser pointer, which he got $14 for.
The site quickly turned extnsively popular, as sellers came to list a variety of odd things and buyers actually bought them. Relying on trust via the feedback system seemed to work remarkably well, and meant that the site could almost be left alone to run itself. The site had been designed from the start to collect a small fee on each sale, and it was this money that Omidyar used to pay for AuctionWeb's expansion. The fees quickly added up to more than his current salary, and so he decided to quit his job and work on the site full-time. It was at this point, in 1996, that he added the feedback facilities, to let buyers and sellers rate each other and make buying and selling safer.
... and that's my ebay tidbit for the week. Happy Monday!
