eBay Is Founded
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On September 3, 1995, a twenty-eight-year-old programmer named Pierre Omidyar posted a small auction site called AuctionWeb to his personal website. There was no business plan, no funding, and no fees. The first thing he sold was a broken laser pointer. Within three years the site was called eBay, and millions of strangers were mailing checks to people they had never met.
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