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Pierre Omidyar created EBay on September 1995. This online marketplace was one of the first websites of its kind in the world. The site was originally named AuctionWeb. The name ‘eBay’ came from the domain Omidyar used for his site. His company’s name was Echo Bay. The first thing ever sold on eBay was Omidyar’s broken laser pointer. It sold for $14.

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