Scribd Logo
Upload

Welcome to Scribd!

  • 38 views

    Pierre Omidyar

    Uploaded by

    Surendhar Murugan
    Pierre Omidyar founded eBay and grew up interested in computers. He came up with the name "eBay" on the fly when his first choice was already taken. In the early days of eBay, the site suffered service interruptions but Omidyar worked hard to regain users' trust. eBay acquired PayPal in 2002 and diversified its services. Recently, Omidyar pledged to donate at least half his wealth to charity over the next 20 years.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd

    Pierre Omidyar

    Uploaded by

    Surendhar Murugan
    38 views1 page
    Pierre Omidyar founded eBay and grew up interested in computers. He came up with the name "eBay" on the fly when his first choice was already taken. In the early days of eBay, the site suffered service interruptions but Omidyar worked hard to regain users' trust. eBay acquired PayPal in 2002 and diversified its services. Recently, Omidyar pledged to donate at least half his wealth to charity over the next 20 years.

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Pierre Omidyar founded eBay and grew up interested in computers. He came up with the name "eBay" on the fly when his first choice was already taken. In the early days of eBay, the site suffered service interruptions but Omidyar worked hard to regain users' trust. eBay acquired PayPal in 2002 and diversified its services. Recently, Omidyar pledged to donate at least half his wealth to charity over the next 20 years.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    38 views1 page

    Pierre Omidyar

    Uploaded by

    Surendhar Murugan
    Pierre Omidyar founded eBay and grew up interested in computers. He came up with the name "eBay" on the fly when his first choice was already taken. In the early days of eBay, the site suffered service interruptions but Omidyar worked hard to regain users' trust. eBay acquired PayPal in 2002 and diversified its services. Recently, Omidyar pledged to donate at least half his wealth to charity over the next 20 years.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    Pierre Omidyar

    Early Life:

    Pierre Omidyar founder/chairman of the eBay auction site. His father was a surgeon. The
    family moved to the US when Omidyar was six. Growing up in Washington, D.C., Pierre's
    interest in computers began at the Potomac School, which started to increase when he was in
    the 9th grade. At school, he used to write computer programs for the school library to print
    out catalogue cards.

    Naming:

    The word 'eBay' was made up on the fly by Omidyar when he was told that his first choice
    for his web site, 'echobay,' had already been registered. Not wanting to make a second trip to
    Sacramento, he came up with 'eBay.'

    Never Gave Up:

    The rapid expansion of eBay's traffic did not come without growing pains. In 1999 the
    company suffered a number of service interruptions, one lasting 22 hours, but Omidyar
    moved quickly to regain the confidence of the site's customer base. The company made
    10,000 phone calls to the site's top users to apologize for the interruption and assure them that
    everything possible would be done to keep the site up and running in the future. As other
    online ventures fell victim to the dot.com bust of 2000, eBay continued to grow and prosper.

    Acquisition:

    In 2002, eBay acquired the online payment processing firm PayPal, which it uses to process
    most of its online transactions, compelling many online sellers to employ the service. At the
    same time, eBay diversified its services, allowing sellers to engage in fixed-price and "best
    offer" sales as well as conventional auctions. Software developers can create applications to
    integrate into the site through the eBay Developers Program. In 2005, eBay opened a
    category for buying and selling surplus industrial machinery and business equipment. Many
    large companies now use eBay to set prices for their products and services.

    Recent:

    In 2010, Pierre Omidyar joined Microsoft founder Bill Gates and investor Warren Buffett on
    the list of 40 billionaires pledging to donate at least half their wealth to charity. In fact, Pierre
    and Pamela Omidyar have resolved to give away all but one percent of their fortune over the
    next 20 years.

    His Quotes:

    What makes eBay successful.. the real value and the real power at eBay is the community. It's
    the buyers and sellers coming together and forming a marketplace.
    Pierre Omidyar

    You might also like