It was founded in September 1995 by Pierre Omidyar as AuctionWeb, later renamed eBay in 1997. As an online marketplace, eBay allows individuals and businesses to buy and sell various products and services. The company operates primarily through its website, where users can list items for auction or sale, set their own prices, and negotiate with potential buyers.

Additionally, eBay offers fixed-price options for sellers who prefer a more traditional e-commerce model. The platform supports a wide range of categories, ranging from electronics and fashion to collectibles and cars. On a global scale, eBay has a significant presence in many countries around the world.

The company has established noteworthy subsidiaries, such as eBay Classifieds Group and StubHub, an online ticket marketplace. In terms of market position, eBay is one of the largest online marketplaces globally. The company competes with other e-commerce giants like Amazon and Alibaba.

While it accounts for a smaller share of the overall e-commerce market compared to these competitors, eBay maintains a strong presence in specific niches and enjoys a loyal user base. Throughout its history, eBay has undergone significant changes and achieved several milestones. In recent years, the company has shifted its focus to enhance customer experience and improve seller tools and capabilities.

As of now, eBay continues to be a leading online marketplace, connecting millions of buyers and sellers worldwide. The company aims to innovate and remain competitive in the constantly evolving e-commerce landscape. Notably, eBay has experienced a surge in demand during the COVID-19 pandemic, with increased online shopping and a growth in new sellers joining the platform.

Please note that the provided information is a summary of eBay's history and operations, and it is advisable to refer to official sources for the most up-to-date and accurate details about the company