EBAY
- eBay Inc.
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Overview
Company Summary
eBay Inc. is a multinational e-commerce company that operates an online marketplace where individuals and businesses can buy and sell a wide range of goods and services. Founded in 1995, eBay provides a platform for people to connect and conduct transactions in a virtual environment.
The company facilitates both auction-style and fixed-price sales, allowing sellers to list products for sale and buyers to browse and purchase items using various pricing formats. eBay initially gained popularity as an online auction platform, where users could bid on items and compete with others to secure a purchase. However, it has evolved to offer more traditional online retail options as well.
eBay operates in numerous categories, including electronics, fashion, collectibles, home and garden, motors, and many more. Sellers can create listings with detailed descriptions and images, enabling buyers to make informed decisions. Additionally, the platform provides tools for buyers and sellers to communicate, negotiate prices, and arrange shipping or local pickup.
The company generates revenue primarily through transaction fees, where sellers pay a percentage of the final sale price (including shipping costs) and sometimes a listing fee to feature their products. eBay also offers optional services such as promoted listings to increase visibility, payment processing through its subsidiary PayPal, and shipping assistance through partnerships with major logistics providers.
eBay's marketplace spans internationally, connecting buyers and sellers from around the world. It also operates localized websites in various countries to cater to specific market needs and preferences. Through its platform, eBay provides a convenient and efficient way for individuals and businesses to engage in e-commerce, empowering them to reach a global customer base and monetize their products or services.