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THE HISTORY, DEVELOPMENT, AND GROWTH OF E-BAY
eBay was founded by Pierre Omidyar in his San Jose home in September of 1995, under the name AuctionWeb. From its early beginnings it was meant to be a marketplace for the sale of goods and services for a variety of interested individuals. It was incorporated in 1996, and has since grown to become the world’s largest most financially successful online auction company.

After realizing the overall potential of his idea, Pierre and his cofounder Jeff Skoll brought on Meg Whitman, as CEO, to efficiently handle the growing popularity, and sustain eBay’s success. Meg earned a MBA at Harvard Business School, and had gained high acclaims and top-shelf experience at the successful company of Hasbro.
eBay went public on September 21, 1998, and both Omidyar and Skoll became instant billionaires. The company purchased PayPal on October 14, 2002.

With the addition of Meg Whitman’s expert experience eBay soon expanded rapidly to......

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Approximate Word Count: 428
Approximate Pages: 2 (250 words per double-spaced page)

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