eBay Business Summary

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eBay is a global e-commerce corporation based in San Jose, California, primarily known for its auctions and consumer-to-consumer sales platforms.

Founded in 1995, eBay allows users worldwide to buy and sell a wide variety of goods, including electronics, fashion, collectibles, and vehicles, through its online marketplace.

The platform is distinctive for supporting both auction-style sales and fixed-price purchases, catering to a diverse range of buying preferences and seller strategies.

The company's revenue primarily comes from transaction fees on sales and advertising.

eBay competes with other major online retailers and marketplaces such as Amazon, Alibaba, and Etsy, as well as other retailers who have online sites like Walmart and Target.

eBay distinguishes itself with a unique model though that combines the thrill of auction bidding with traditional online shopping.