The founder of eBay was Pierre Omidyar. The future businessman was born in France. Later his family moved to America. Omidyar from early childhood was interested in new technologies. In 1988, he graduated from Tufts University with a degree in Computer Science. Next, Pierre began working at Apple. He has been developing operating systems for Macintosh computers.
In 1995, Omidyar made an online auction page. It is called AuctionWeb. It was then that the story of the eBay project began. Initially, it was possible to use the auction free, so it quickly began to gain popularity.
In 1997, the portal was renamed eBay.com. Thanks to attracting investments, the service began to develop rapidly. The main difference of this platform was the absence of commission fees. Other services took about 30% of the transaction for their services. With growing popularity, eBay has also introduced a commission. It was USD 0.06 per unit of production. These funds were used for business development. In 1998, over 10 million transactions were completed at the auction. It was then that Omidyar decided to attract a professional manager to business management. Margaret Whitman was selected for this position. She previously worked for Hasbro, a company specializing in the manufacture and sale of toys for children.
The emergence of a new manager led to the rapid growth of company profits. The corporation managed to redeem all local auctions in the world and concluded a deal with AOL provider. All this only increased the credibility of the company and attracted new clients. A new option was added to the service – the ability to check the client through the database of financial organizations. This increased the security of working with eBay and increased the popularity of the project.
After a while, the function of paying for goods with a bank card was added to the functionality of the trading platform. Then the corporation bought the popular payment system PayPal. Today, eBay is one of the leading IT giants. The corporation’s capitalization level has already exceeded USD 40 billion.
At this electronic auction, you can buy a wide variety of products. For example, the world’s only McLaren F1 was sold on eBay. The sale offers visitors a wide range of products. Some of them are unique things. Often clients of the service sell pretty funny lots – for example, water from an Elvis Presley cup, the contents of a trash can, etc. The service has managed to bring together millions of clients from around the world. Both ordinary clients and large corporations trade on eBay.
eBay stocks are a convenient financial instrument. From the beginning of their appearance, they have shown fantastic growth. Corporation capitalization is growing annually. Therefore, the acquisition of its shares can be a very profitable investment.
To successfully trade equity securities of this company, you need to use both technical and fundamental analysis. Be sure to study the financial statements of the company to understand the emerging trend. It is also necessary to follow the news of the IT world. Use pending orders to automate trading.