The history of eBay
An American Billionaire Entrepreneur, Pierre Omidyar
, laid the foundation of eBay back in the year 1995. He served in this multibillion-dollar business as a Chairman from 1998 to 2015. On September 3, 1995, he also started an Auction Web on eBay. This auction web sold a broken laser pointer for the first time for 14.83 US Dollars to a person who was fond of collecting broken laser pointers. This sale of auction web became so popular that it became the first online auction website that allows online transactions between one person to another person. From the year 2002 to 2015, eBay owned an American company of online payment system, PayPal, for offering online money transfers as part of its services.