September 03, 2024

September 3, 1995: AuctionWeb (eBay) Founded

7 minutes

<img decoding="async" width="225" height="225" data-tf-not-load src="http://vid.geekazine.com/dith/uploads/2013/09/ebay1.jpg" alt="eBay" class="wp-image-22136" srcset="https://dayintechhistory.com/wp-content/uploads/2013/09/ebay1.jpg 225w, https://dayintechhistory.com/wp-content/uploads/2013/09/ebay1-150x150.jpg 150w, https://dayintechhistory.com/wp-content/uploads/2013/09/ebay1-600x600.jpg 600w, https://dayintechhistory.com/wp-content/uploads/2013/09/ebay1-65x65.jpg 65w, https://dayintechhistory.com/wp-content/uploads/2013/09/ebay1-50x50.jpg 50w, https://dayintechhistory.com/wp-content/uploads/2013/09/ebay1-51x51.jpg 51w" sizes="(max-width: 225px) 100vw, 225px" />eBay

1995 – The online auction site eBay officially was founded on this day by Pierre Omidyar, but it was known back then as “AuctionWeb“. The first auction was for a broken laser pointer. It was sold for $14.83.Makes me wonder how much that laser pointer would be worth if it went back up on the auction block.

The hobby became a business real quick when his server fees increased dramatically. He decided to take AuctionWeb to the next level and hire an employee – Chris Agarpao. Soon, eBay got their first president in 1996 when Jeffrey Skoll took the reins.

Since then the company has grown to a juggernaut in the online Auction business. They even have an ebay slot machine. Just like the auction site, I personally didn’t do too well in profiting from it…

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