Introduction In September of 1995 Silicon V everyey computer software engineer capital of South Dakota Omidyar spent a coherent holiday weekend paper the computer code for an Internet-based job system in which buyers and sellers could free-base a genuine food mart price (eBay, 2005). Omidyars website, initi wholey called sell Web and later renamed eBay, curtly attracted a group of slew who used the site to sell collectibles like PEZ candy dispensers, beany Babies, and antique figurines. At closing 2005, eBay boasted 135 billion registered users, including an estimated 430,000 users in the U.S. who were making all or part of their income by selling on eBay (eBay, 2005 pg. 257). In mid-2005, eBay inform that it had well-nigh 150 one thousand thousand registered users including some 60 million active users who have bid for or listed items within the past twelvemonth worldwide buying and selling goods worth more than $40 billion this year (Meg Whitman chief executive officer eBay, 2005). No longer just a haven for trading collectibles, straightaway eBay.com is a place where you can find just nearly anything as long as it is legal. While it is still plausibly to find PEZ dispensers on eBay, it is also possible to find automobiles, industrial equipment, computers, books, videos, furniture, houses, haunted wedding dresses, teddy bears, and more.
The power of eBay is such that in the United States, eBay is now estimated to account for about 75% of all e-commerce sales, excluding online travel and grocery sales (Meg Whitman CEO eBay, 2005). With a market capitalization of $54 billion at the end of 2004, and young annual growth rates in excess of 8 0%, eBay.com is unquestionably a successful,! fast-growing global giant by any measure (Hoovers, 2005). Moreover, eBay is one of the Internets few unqualified ecommerce successes. nevertheless eBays historical success, a number of analysts have expressed relate about... If you want to get a full essay, order it on our website: OrderEssay.net
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