How does eBay make Money & Understanding eBay Business Model – Unicorn Economy Analysis
eBay Business Model is the base of many known business model examples that we see today. It is one of the first marketplaces to be born on the face of planet earth and probably it will be one of the first (big ones) to be wiped off as well. How does eBay make money even though it has lost its sheen from its yesteryears when it used to command the major market share in revenue terms as well as mind share terms. Even Flipkart’s position is better these days since eBay’s India unit is being merged with Flipkart.
P.S. I know I haven’t been regular with posts 🙂 Now on you will get to read these every day at 9:00 PM ! Cheers and Stay Tuned !
About eBay, Funders, Founders and Facts
eBay Inc. is a MNC focussing on online consumer-to-consumer (c2C) and business-to-consumer (B2C) sales. It is headquartered in San Jose, California and became one of the surviving stories of the dot-com bubble. Today it is a multibillion-dollar business with operations in about 30 countries.
The company manages eBay.com (and other regional TLDs), an online auction and shopping website in which people and businesses buy and sell a broad variety of goods and services worldwide. In addition to its auction-style sales, the website has since expanded to include “Buy It Now” shopping; online classified advertisements (via Kijiji or eBay Classifieds); online event ticket trading (via StubHub); and other services. It previously offered online money transfers (via PayPal), which was then spun off from the main business sometime in 2015.
eBay Founders: eBay was founded by Pierre Omidyar (does this sound familiar?? ) – The same person whose wealth is now being managed by Omidyar Network VC Fund. BTW when eBay listed eBay Business model made Pierre Omidyar and his first employee both turned immediate Billionaires ($4 Billion+ Wealth).
eBay Funding: The company received $6.7 million (Yes, Everyone else please bow your heads in shame for such a stupid eBay Business Model of making money 🙂 ) in funding from venture capital fund Benchmark Capital. From there it went on to be listed on NYSE (within first 3 years of operation).