
eBay has broadened the categories on its platform to include pre-owned sneakers and jewelry. However, the company’s executives warned of future uncertainties.
eBay is an online marketplace that connects a global network of buyers and sellers.
eBay Inc. is an American multinational e-commerce corporation based in San Jose, California that facilitates consumer-to-consumer and business-to-consumer sales through its website. eBay was founded by Pierre Omidyar in the autumn of 1995, and became a notable success story of the dot-com bubble. eBay is a multibillion-dollar business with operations in about 30 countries, as of 2011. The company manages the eBay website, an online auction and shopping website in which people and businesses buy and sell a wide variety of goods and services worldwide. The website is free to use for buyers, but sellers are charged fees for listing items after a limited number of free listings, and again when those items are sold.
In addition to eBay’s original auction-style sales, the website has evolved and expanded to include: instant “Buy It Now” shopping; shopping by Universal Product Code, ISBN, or other kind of SKU number (via Half.com, which was shut down in 2017); online classified advertisements (via Kijiji, or eBay Classifieds); online event ticket trading (via StubHub); and other services. eBay previously offered online money transfers as part of its services (via PayPal, which was a wholly owned subsidiary of eBay from 2002 to 2015).
eBay has broadened the categories on its platform to include pre-owned sneakers and jewelry. However, the company’s executives warned of future uncertainties.
As a popular eCommerce marketplace, eBay has been widening its tentacles with targeted acquisitions within the past year.
eBay purchased KnownOrigin as part of an exciting plan to merge both companies’ strengths, creating an NFT and digital collectibles giant.