Most people have used eBay or at least heard of it. If not, here’s a quick explanation of what the internet consumer-to-consumer site is all about.
Founded in 1995, eBay.com is an auction and shopping website in which people and businesses buy and sell a wide variety of goods and services worldwide. Whilst eliminating the need for a middleman in trade, the site also strives to provide a safe and secure Internet experience. Users from all corners of the globe are connected in a continually broadening marketplace where over 6.4 million items are listed every day. It’s said that the site averages more than one billion views per day.
The most expensive item ever sold on eBay was a 405-foot, steel mega-yacht (marketed as a Gigayacht) which was offered up for auction on eBay November 3rd, 2006 with a ‘buy now’ price of $85 million.