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Astonished, Omidyar contacted the winning bidder to ask if he understood that the laser pointer was broken.
In his responding email, the buyer explained: "I'm a collector of broken laser pointers." The frequently repeated story that e Bay was founded to help Omidyar's fiancée trade Pez candy dispensers was fabricated by a public relations manager, Mary Lou Song, in 1997 to interest the media, which were not interested in the company's previous explanation about wanting to create a "perfect market".
Jeffrey Skoll was hired as the first new president of the company in early 1996.
In November 1996, e Bay entered into its first third-party licensing deal, with a company called Electronic Travel Auction to use Smart Market Technology to sell plane tickets and other travel products.
In late 2009, e Bay completed the sale of Skype for .75 billion, but will still own 30% equity in the company.
takes from £0.15 to a maximum rate of £3 per £100 for an ordinary listing and up to 10% of the final price.
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Reportedly, e Bay was simply a side hobby for Omidyar until his Internet service provider informed him he would need to upgrade to a business account due to the high volume of traffic to his website.
The resulting price increase (from /month to 0) forced him to start charging those who used e Bay, and was not met with any animosity.