Every day millions of eBay users log onto their accounts to purchase and sell, and don’t have any idea how eBay got its name. They may not really care, either. Like the individual who turns on the TV and just desires it to come on and play their favorite television program, numerous eBay users most likely aren’t curious about the great points of the business. However it’s a fun story and all true eBay lovers will have an interest in knowing the history.Just ask some friends what” eBay “stands for and you’re probably going to get an answer like”it’s possibly an abbreviation for’electronics bay ‘or’ ecommerce bay’ or something like that”. While the “e” could stand for lots of things, if you look up various meanings for “bay” there’s simply no way to stretch any of them so they have anything to do with an online auction site. Nevertheless if we search method back to 1995, the year eBay was established, we can find some clues.An explanation you’ll probably see on the Internet, and even in some books about eBay, states that the auction site was produced by a young computer programmer named Pierre Omidyar to assist his sweetheart, Pam, increase the size of her collection of PEZ sweet dispensers. PEZ, if you are not knowledgeable about them, are little plastic containers with character heads that flip back and push out a piece of candy. Pam allegedly desired a method to enlarge her collection, so Pierre developed an idea for an online market. Because he was a computer system programmer, he created the code which would become the core for eBay.Just goes to reveal you can’t always trust what you read on the Internet.
According to Adam Cohen in his 2002 book,”The Perfect Store: Inside eBay”that’s not really the method it occurred. The PEZ story, which is widely distributed and believed, was produced by a public relations supervisor to advance the misconception surrounding the company and has been spread extensively ever since.The real story is that Omidyar was merely a wise guy, and he wished to make an effect with an online endeavor.
He observed the operation of purchasers and sellers in other markets and chose that an auction website would be a fantastic service to use. Ironically, he had actually never attended a genuine auction himself. The entire thing started as a hobby, but the auction website quickly was earning enough cash so that Omidyar might quit his task and work it full-time. As a computer programmer he did write the original computer system code which made the auction site function-in one weekend.The website introduced on Labor Day, 1995 and he called it “Auction Web”. Pretty descriptive? Well, Omidyar had actually earlier established a web consulting company which he called Echo Bay Technology Group.”Echo Bay”because he much like the sound of it. There was currently a gold mining business who owned EchoBay.com, so Omidyr took the 2nd finest alternative and dropped the”cho “part of “echo” and called his business-you guessed it- eBay. If you go to www.echobay.com today, you’ll see only one easy dark blue webpage with the words,”EchoBay-What eBay could have been! “. The original website ran as “Auction Web “for 2 years, then officially ended up being eBay.com in 1997. So there you have it. Possibly that will provide you an answer for a “Unimportant Pursuit “question, or maybe you can work it into a discussion and impress your good friends at some point. Simply know that when you purchase or sell on eBay, you’ll be one of the couple of to know the real story of how eBay got its name.
Every day millions of eBay users log onto their accounts to buy and offer, and do not have any concept how eBay got its name. It’s an enjoyable story and all true eBay enthusiasts will be interested in knowing the history.Just ask some buddies what” eBay “stands for and you’re most likely going to get a response like”it’s possibly an abbreviation for’electronic devices bay ‘or’ ecommerce bay’ or something like that”. If we search method back to 1995, the year eBay was established, we can find some clues.An explanation you’ll most likely see on the Web, and even in some books about eBay, states that the auction website was created by a young computer system programmer named Pierre Omidyar to assist his girlfriend, Pam, increase the size of her collection of PEZ candy dispensers. Just know that when you buy or offer on eBay, you’ll be one of the few to know the real story of how eBay got its name.
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