eBay

Description

eBay is an online auction site that operates with the slogan "The World's Online Marketplace". eBay has over 233 millions registered users all over the world. eBay was founded by Pierre Omidyar in 1995 and generated $559.2 million in the last quarter of 2011
(eBay, n.d; Reuters, 2011)

How eBay Works

A potential seller will register an item under a category, which could be anything from clothing to art to music. Ther seller will then decide whether to list the purchasing options under "bid only", which leads to the auction comparison, or the instant purchasing option "Buy it now".

References

About eBay (n.d.). About eBay

http://pages.ebay.co.uk/aboutebay/thecompany/companyoverview.html

Accessed 06 March 2012

Reuters (2011). EBay profit beats estimates, forecast is bullish.

http://uk.reuters.com/article/2011/01/19/uk-ebay-idUKTRE70I72R20110119

Accessed 06 March 2012

A bit brief but perfectly formatted

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