The eBay story is the American dream realized.  Pierre, a French-American software programmer, was inspired by his wife and friends to build "Auctionweb", an online flea market. At first, the 1994 Auctionweb release was met with skeptical response, but interest grew as people began to adopt the Internet as a place of legitimate business.

Pierre later changed the name to "eBay" (with a lower case e), and collectors around North America began to frequent Pierre's web site. As many of you know, eBay has now grown to be the ultimate flea market. eBay crosses international boundaries, and helps people sell cars, houses, real estate, artwork, and millions of consumer products, all in a special environment of trust and electronic business.

Today, eBay transacts nearly $60 million USD in sales every day, seven days a week.  Pierre and his eBay team charge 1.5% commission on every sale.