eBay is the second most-visited eCommerce shop globally. Like Amazon, eBay was also founded for a different purpose. During its early days, eBay was called AuctionWeb and served as a platform for auctioning off several items. As a matter of fact, the site's first auction happened to be a laser pointer that no longer worked. After eBay's edition of the "buy it now" button in 2000, users didn't have to bid for items anymore. Compared to its first sale worth 14.83 for the broken laser pointer, eBay now garners billions of sales yearly. In 2020, they had an annual revenue worth $10.27 billion.
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