Peter Clark
@Peter.Clark · Updated 30 Mar. 2022

eBay was established in 1995 as "AuctionWeb" by computer programmer Pierre Omidyar as a platform for conducting online auctions. The first items sold on the site were bicycles, which were sold by the original owner of the site (who bought them from users who had listed them for sale).

  1) E-commerce provides the one-stop-shopping facility for a large number of products and services of all kinds, which are in high demand and can be purchased easily.

·       2) E-commerce is seen as the most popular and effective way to establish a business activity.

·       3) The E-commerce company has become the source of wealth for a large number of people.

·       4) E-Commerce is a very effective way to improve business processes. It is also used to increase the profit margins of a business.

Rachael Davis
@Rachael.Davis · Updated 30 Mar. 2022

E-commerce allows you to sell more than one product at a time, which increases your customer base and increases the chances of getting more orders. It helps you to save money on distribution costs. It also provides opportunities for different businesses to interact with each other and collaborate for better performance. eBay is an American-based global e-commerce company. It is owned by eBay Inc., an American public multinational corporation based in San Jose, California. It was founded in 1995 by Pierre Omidyar as AuctionWeb and rebranded as eBay in 1997. The company focuses on e-commerce, online payment processing, and consumer-to-consumer sales, and has classified itself as a platform company. The company hosts an auction website where goods are sold directly to buyers, with most transactions taking place via the company's online auctions. These auctions are typically high-volume, the sale of goods ranging from consumer goods to collectibles and art.