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September 3, 1995: AuctionWeb (eBay) Founded

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1995 – The online auction site eBay officially was founded on this day by Pierre Omidyar, but it was known back then as “AuctionWeb“. The first auction was for a broken laser pointer. It was sold for $14.83.Makes me wonder how much that laser pointer would be worth if it went back up on the auction block.

The hobby became a business real quick when his server fees increased dramatically. He decided to take AuctionWeb to the next level and hire an employee – Chris Agarpao. Soon, eBay got their first president in 1996 when Jeffrey Skoll took the reins.

Since then the company has grown to a juggernaut in the online Auction business. They even have an ebay slot machine. Just like the auction site, I personally didn’t do too well in profiting from it…

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