The INSANE Rise & Fall of eBay
00:00 Ebay was founded by Pierre Omidyar as a platform for consumers to sell to each other.
01:12 Online auction site eBay started as a free platform but had to start charging users due to high traffic.
02:16 eBay’s rapid growth was due to network effects and leveraging the global reach of the internet.
03:20 Pierre became a billionaire overnight after his website went public.
04:26 Despite acquiring over 50 companies, eBay’s revenue is significantly lower than Amazon’s.
05:40 Amazon’s decision to allow third-party sellers was a brilliant move.
06:44 Amazon’s customer-first approach led to customer loyalty and economic success.
07:52 eBay’s spinoff of PayPal may not have been wise
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