Founded in 1995, eBay is a multinational e-commerce company that provides C2C online sales services. eBay’s core business is its auction platform and shopping website through which people and businesses can buy and sell a large variety of products and services worldwide. The company’s operations also include Buy It Now shopping services as well as online classified advertisements, online event ticket trading via StubHub.com. eBay also consistently ranks as one of the biggest U.S. online companies based on market cap, which was over 31 billion U.S. dollars as of December 2016.
As of the first quarter of 2017, eBay lists more than 169 million active buyers across its various properties. eBay is also one of the most-visited shopping platforms in the United States, surpassing 107 million monthly visits as of July 2016. eBay's mobile presence also ranks as one of the most popular mobile shopping apps in the United States with a mobile audience reach of 14 percent as of February 2017. According to annual industry survey data, eBay has also ranks high in terms of customer satisfaction with an 81 in the most recent ACSI results. In 2015, Until September 2014, eBay was also parent company to PayPal before before the digital payment provider was spun off into an independent company. The split was completed in July 2015.
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