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He contacted the buyer of the merchandise to ensure he understood the laser pointer was broken and was informed that the buyer was "a collector of broken laser pointers. Initially, the website was a side hobby for the owner until he was contacted by his Internet service provider, who informed him that he would need to upgrade to a business account due to the high volume of traffic that his site received. Because of the operations price increase, eBay had to change the way users accessed the site as well as their fees, and this, of course, was not met without any animosity. Still, the changes were made, and then Pierre hired the first president of the company Shortly thereafter, the site obtained a third-party licensing deal with companies like Electronic Travel Auction to sell airline tickets and other travel products.

From that moment on, the company experience phenomenal growth. It wasn't until that the official name of the company changed from AuctionWeb to eBay. Pierre had originally wanted to name the site after his consulting firm, Echo Bay Technology Group, but when he tried to register the domain name, echobay. Therefore, he shortened the name down to eBay, and the company's been registered under and known as that name ever since.

Since its humble beginnings, eBay has went on to make several acquisitions and sell parts of its company. Now the company is one of the most famous dot-com bubble success stories, and it has grown into a multi-billion dollar business that has operations in more than 30 countries across the world.

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Additionally, it has expanded to manage sub-sites like Half. It is also the world-renowned provider of PayPal services to complete online transactions. Part of what makes eBay so innovative is that it is free to use and only charges a small fee to sellers when they sell or list any items. Beginning sellers receive so many free listings a month, though, so it costs absolutely nothing to begin selling items on eBay. The only payment sellers have to make is a small percentage of the amount that they receive when they sell their products. Many people have started their own stores through eBay where they sell niche goods all through eBay's easy-to-use platform.

To top it all off, eBay encourages socially conscious giving and provides buyers and sellers with the option to give a portion of every sale made to charity. Not only can you find great deals on eBay and save more money by utilizing coupon codes from Giving Assistant, but you can also enjoy the satisfaction of knowing that you're supporting a company that encourages activism and giving back to the community.

In this video, the strangest products ever sold on eBay are discussed, which only highlights the versatility that the site provides. The quality is here, the selection is here, and the time is here. What are you waiting for? It's game time! Selling on eBay is now easier than ever! Click here to learn more! Lowest prices guaranteed on designer dresses, cozy sweaters, name brand jeans, and more! Did you know that eBay runs new deals Like everyday, there is a new deal. Don't miss out! They have something new discounted to an affordable, low price every single day. Follow the link and check out the "Daily Deals" section to save.

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Click here to save today on old and new models across top brands. Save on every item you can possibly imagine by browsing eBay's sales events pages. This new way to shop will allow you to search and browse by specific category, but with a fun twist. Thinking of re-doing a bedroom or start a DIY project?

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Want to host a wine night or dinner party? Yup, there's an event page for that too. Check it out, save big, and find everything you need! Shop now at eBay and boost your Yeezy collection today! Score ridiculously awesome prices on the latest releases—plus shop rare, coveted styles. Shop eBay for great deals on needs for your pet!

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This sale won't last forever, so act now! Feeling nostalgic in today's day of streaming?

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Still like to own a hard copy of all your favorite movies and series? Get the perfect ring to pop the big question at eBay! Check here every Monday to see eBay's Mystery Deal, popular items offered at huge discounts! Pounce on these original savings, only at eBay! Get up to half off new hoodies, sneakers, leggings, and more. Save on computers and accessories at eBay now! Make the most of your own phone and prepare for your next upgrade! Forget to grab a book or need one for next semester? All football everything! Find the best deals on all official NFL gear, tailgating treats, TV accessories, and everything else you will need for the season kickoff.

Free shipping AND the guaranteed best deal out there. Find a better price on a recent purchase or something on your wishlist? Click the link to learn more. Shop at your favorite stores and restaurants and get money back in the process! File your taxes and save with eBay! Click "Shop Now" to see a list of items.

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No promo code required. Get your tech gear for less at eBay!

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Some restrictions apply. Get savings right now at eBay! It's here! Get the new iPhone plus get deals on accessories, chargers, and more. Get the best discounts on designer brands when you shop now at eBay! Save on Michael Kors handbags, wallets, watches, and more! Time to brave the winter tundra!

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