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eBay Inc. ( / ˈiːbeɪ / EE-bay, often stylized as ebay) is an American multinational e-commerce company based in San Jose, California, that brokers customer to customer and retail sales through online marketplaces in 190 markets worldwide.
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On Labor Day, Monday, September 4, 1995, he launched an online service called Auction Web, which would eventually be developed as the auction site eBay. [25] The service was originally one of several items on Omidyar's website eBay.com.
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The company operates as a payment processor for online vendors, auction sites and many other commercial users, for which it charges a fee. Established in 1998 as Confinity, [4] PayPal went public through an IPO in 2002. It became a wholly owned subsidiary of eBay later that year, valued at $1.5 billion. [5]
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