September 26, 2022
Pra Chid/Shutterstock.com The last month of Summer brings in some monumental starts in the history of technology, from the beginning of the world’s most popular search engine to the start of a video game franchise that still dominates the industry. Read about all the details below. September 3rd, 1995: eBay Founded jejim/Shutterstock.com Founded as AuctionWeb,…

Pra Chid/Shutterstock.com

The last month of Summer brings in some monumental starts in the history of technology, from the beginning of the world’s most popular search engine to the start of a video game franchise that still dominates the industry. Read about all the details below.

September 3rd, 1995: eBay Founded

jejim/Shutterstock.com

Founded as AuctionWeb, eBay began as a hobby for programmer Pierre Omidyar, who launched the website after spending Labor Day weekend home coding the site. The first item put up for auction was Omidyar’s broken laser pointer. He set the starting bid at one dollar. About a week later, he sold the item for $14.83 to Canadian collector Mark Fraser.

AuctionWeb took off immediately. It was the first online auction website that facilitated one-on-one transactions between individuals. Soon, Omidyar was forced to upgrade his personal web-hosting subscription to a business plan due to AuctionWeb’s high-volume web traffic.

By June 1996, AuctionWeb had sold 7.2 million dollars worth of goods, and Omidyar could not manage the site alone. He hired Chris Agarpaoas, his first employee,…

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