eBay


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eBay

(eBay, Inc., San Jose, CA, www.ebay.com) The major auction service on the Web. eBay popularized the concept of buying and selling online, and both individuals and commercial enterprises list items for sale. There is no charge to browse the site or make bids and purchases, but there is a fee to list items. If an item is purchased, the seller pays eBay an additional fee. Millions of items are offered, and billions of dollars worth of merchandise are sold every year through this service.

Launched in 1995, eBay made numerous acquisitions over the years, including PayPal in 2002 and the Skype voice over IP (VoIP) service in 2005. See online auction.
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References in periodicals archive ?
UBS analyst Eric Sheridan downgraded eBay from Buy to Neutral with a $42 price target.
At its annual seller event, eBay Open, eBay today launched two significant new tools that will enable sellers to better manage and grow their business, and announced a series of robust seller protections.
Strong FCF Generation and Balance Sheet: At 2Q 2018, eBay had $4.0 billion of cash, cash equivalent, and short-term marketable securities; in addition, it had $5.4 billion of long-term investments.
Not sure who competes with eBay? Try Target, Walmart, Macy's, Kohl's, JCPenney, BJ's Wholesale and Costco on for size as this is the main competition for the e-commerce site.
eBay described Amazon's scheme as an "orchestrated, coordinated, worldwide campaign" to "illegally lure eBay sellers."
The magnalister eBay tool can automatically update product listings to comply with eBay's new requirements.
The new agreement strengthens the payments partnership between the companies to make PayPal available as a payment option on eBay's new intermediated payments model.
The post eBay ditches PayPal as payment partner appeared first on Tahawul Tech.
It also emerged that Halifax has the highest rate of eBay businesses in the Yorkshire and Humber region, A spokesman said the data showed that eBay businesses were resilient to trends that normally stifle economic activity, adding: "The top seller hotspots for eBay businesses in the UK, France, Spain, Germany and Italy are not negatively affected by above average unemployment figures, below average levels of disposable income and below national average GDP.
Pundits and critics rate Amazon higher than ebay, but that's largely from the sellers' perspective.
1 ebay launched in the US in September 1995 - and the very first item sold was a broken laser pointer pen.