What was ebay's original name and what was the first item offered for auction?
Answers: You might have heard the story that eBay began as an act of love, invented by Pierre Omidyar as a way for his fiancée, Pam (now his wife), to trade Pez dispensers with other collectors. It's a nice story, and there's some truth to it, but things didn't happen in quite that way.
In 1995, Tufts University graduate Omidyar was working as a software engineer at General Magic, a Silicon Valley mobile-communications company. In his spare time, Omidyar developed Auction Web, an online auction platform.
He was interested in the potential for an auction format to create a fair and open marketplace, where the market truly sets an item's value. In an auction, anyone can bid until the price reaches the highest amount someone's willing to pay. The market price changes from day to day, depending on demand and who's bidding.
While Omidyar was experimenting with Auction Web, he did consulting work under the name Echo Bay Technology Group. When he wanted to register a Web site for his company, Echo Bay was the name he planned to use. But when he filled out the paperwork, he learned that echobay.com was already taken. Faced with the need for a unique name, he decided to abbreviate of eBay was the result.
The first item sold on eBay was a broken laser pointer, for $14.83. The transaction closed in September 1995.
AuctionWeb
a broken laser pointer
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