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I need some assistance with these assignment. ebay's corporate social responsibility Thank you in advance for the help!
I need some assistance with these assignment. ebay's corporate social responsibility Thank you in advance for the help! The online auction website was established in the year 1995 as the AuctionWeb. Pierre Omidyar, an Iranian computer programmer born in France founded AuctionWeb on 3 September 1995 in San Jose, California (“The history of”). The first employee was recruited by eBay in the year 1996. eBay entered its first deal of third-party licensing in November 1996 with Electronic Travel Auction. It made use of SmartMarket Technology to sell travel products and tickets of planes. In January 1997, over 2000000 auctions were hosted by eBay in comparison to 250000 that was hosted during the year 1996. In September 1997, the company’s name was officially changed from AuctionWeb to eBay after it received $6.7m from Benchmark Capital. “To save money, Omidyar linked the new Web site with an existing site he had created for his consulting and technology business, Echo Bay Technology Group. The Web address for that business was ebay.com” (Gitlin). The number of eBay’s employees increased to 20 by March 1998 along with a population of half a million users. Its revenues in the US reached $4.7m (“The history of”). In 21 September 1998, eBay went floated over the stock exchange that resulted in the making of the founders of the company, billionaires. On the very first day of trading, the price of the target shares of eBay increased from $18 to $53.50. eBay purchased a European auction web site named IBazar who was doing similar business in February 2002. On 14 October 2002, eBay also purchased PayPal. In the start of the year 2008, eBay expanded all over the world with the registration of several hundred million users, over 15000 employees, and with the collective revenues of roughly $7.7bn (“The history of”). By the end of the year 2009, eBay retained a 30pc stake after having Skype sold for about $2.75 bn. XPRT Ventures sued eBay in July 2010 for $3.8bn accusing the company of having stolen information allegedly that the inventors of the own patents of XPRT had shared with eBay in confidence.