Ebay / Brand Stories

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eBay Inc. is an American company that is the largest auction site on the Internet. eBay was founded on September 3, 1995 by Iranian-American entrepreneur Pierre Omidyar in San José, California.

Let's listen to the moment of its foundation from Omidyar himself; “The virtual market market has always intrigued me, especially the theory that when everyone can access the same data in financial markets, products can be bought and sold at more affordable prices. This was an extremely clever theory. However, when I wanted to throw some money and invest in a gaming company called IPO, I failed to put this theory into practice. The company in question was going public with a $15 stake. I was surprised when my agent called me and said, "You have $24 ready to use." "How come?" I said. When he replied, “$15 was the ideal price, not the price that people like you could get,” I kept thinking about what he might have meant when he said people like me. The thing was, efficient market theory was really great, but only in theory; in practice, he was closing all his doors to normal people.

I started to think, if I could bring the internet thing to life, maybe ordinary people could also benefit from the power of the economic market. The common people would not sell household items, of course, they would sell items. I thought this would be a great opportunity, and on Labor Day 1995, I took the first step towards this business."

In May 2007, the world's largest e-commerce site EBay, became a partner of GittiGidiyor. With this strategic partnership and mutual know-how transfer, GittiGidiyor has increased its service diversity. With EBay's acquisition of 93% of GittiGidiyor's shares in May 2011, GittiGidiyor was fully included in the EBay family, aiming to reach 175 million active buyers in 192 countries with e-export. However, in the past months, it has made a sudden decision to withdraw from Turkey.

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