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September 22, 1999: eBay Auction of $10 Million in Marijuana

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1999 – an ebay user (litterally) puts 500 pounds of Marijuana on the auction block. The auction itself hits up to 10 million dollars. eBay finds out and pulls down the auction, but it does say something for the power of illegal drugs over the internet.

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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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  • Lotus ships “Lotus 1-2-3”
  • HP acquires Compaq
  • Hubble photographs HUDF
eBay

/

September 22, 1999: eBay Auction of $10 Million in Marijuana

, , , , , , , , , , , , , , , , , , 0 Comments

Play

Subscribe! Spotify | RSS | More

eBay
1999 – an ebay user (litterally) puts 500 pounds of Marijuana on the auction block. The auction itself hits up to 10 million dollars. eBay finds out and pulls down the auction, but it does say something for the power of illegal drugs over the internet.

This Day in Tech History podcast show notes for September 22

Subscribe to the Day in Tech History

Subscribe to Day In Tech History:

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eBay

/

September 3, 1995: AuctionWeb (eBay) Founded

, , , , , , , , , , , , , , , , , 0 Comments

Play

Subscribe! Spotify | RSS | More

eBay
eBay

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…

This Day in Tech History podcast show notes for September 3

Subscribe to the Day in Tech History

Subscribe to Day In Tech History:

RSS Feed - iTunes - Android - Spotify - iHeartRadio

Facebook - 

- RSS Bandwidth by Cachefly Get a 14 Day Trial

- Join me on Patreon and support Day in Tech History

  • Lotus ships “Lotus 1-2-3”
  • HP acquires Compaq
  • Hubble photographs HUDF