Who owns eBay?

Question

Who owns eBay?

Zippia Team · Accepted Answer

Pierre Omidyar owns eBay. He is the founder of the company and has a net worth of $24 billion dollars. Pierre Omidyar created AuctionWeb in 1995, the first online auction site to allow person-to-person transactions. In 1997, the company would change its name to eBay, after Omidyar's consulting group Echo Bay Technology Group.

Pierre Omidyar became a billionaire when eBay went public in 1998. The company had a target price of $18 per share but the price went on to $53.50 per share on the first day of trading. In the 2000s, the company expanded its product categories beyond collectibles into almost any saleable item. By 2008, eBay had expanded worldwide with a user base of hundreds of millions.

Jamie Iannone was announced to become the new CEO of eBay in 2020. Soon after, Advinta acquired eBay Classifieds Group. And in May of 2020, eBay announced the launch of its first collection of NFTs, which was done with the partnership of NFT platform OneOf. Following this, eBay acquired the Manchester-based NFT Marketplace KnownOrigin for an undisclosed amount.

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n 2021, eBay had an annual revenue of $10.42 billion with a workforce of 10,800 employees.