To celebrate our 20th anniversary of providing reliable IT support across Lincolnshire and Nottinghamshire, each month we are looking back at how technology has changed over the last 20 years.
While the initial domain was registered in August, it wasn’t until a month later that the website was launched by Pierre Omidyar. The website was set up to provide Internet users the opportunity to buy and sell their new and used products. The first ever item sold on the site was Omidyar’s broken laser pointer – he managed to receive $14 for it!
The site quickly became a massive success and it wasn’t long before the creator quit his job and started working on the site full time, adding many new features including feedback facilities. In 1997, eBay sold its 1 millionth item and 2 years later, after making it through the Dot Com boom, eBay went worldwide launching sites in the UK, Australia and Germany.
20 years on and worth around $68 billion, it is estimated that for every $100 spent online worldwide, around $14 is spent on eBay…that could buy you a lot of laser pointers!
How different do you think shopping would be now if eBay wasn’t around? I’m guessing we would be hoarding more possessions in our homes!
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