Monday, June 27, 2005

Ebay Turns 10

Today Ebay turned 10! Ebay is the number one online marketplace. With 150 million registered users it's not hard to tell why. It has grown to one of the world's most powerful and wealthiest companies. Just to show how powerful Ebay really is, 1.4 billion items were sold last year which means for every $100 that was spent online, $14 was spent on Ebay. Although it has improved over the years, Ebay currently has about an 1% fraudulant rate. It is already starting to compete with other major companies such as Amazon, Google, and Yahoo.


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