Ebay Turns 20 Today

ebay logo
What’s more sobering that realizing that one of the earliest successful internet companies is 1 year shy of being able to drink?

20 years ago, on Labor Day Weekend, Pierre Omidyar began what eventually evolved into what we know as ebay today. Yes, that’s right, one of the earliest Silicon Valley e-commerce success stories, now turns to its third decade of business operation.

Some stats to blow your mind:

  • It’s estimated around 800 million items are being offered for sale on any given day.
  • iPhone/Android apps have been downloaded 279 million times
  • Ebay Motors has sold enough cars to encircle the moon more than 4 times
  • The number of paintings ebay has sold could fill the Louvre over 45 times
  • Originally called “AuctionWeb”, changed to eBay 2 years later
  • The eBay name comes from Omidyar’s consultancy firm Echo Bay Technology Group. he settled on ebay.com because he discovered that his desired domain echobay.com was taken by a gold mining company. #TheStruggleIsReal
  • One of the 1st items sold was a broken laser pointer for $14.83