EBay Inc. (NASDAQ: EBAY) runs one of many largest and most profitable e-commerce platforms that connects consumers and sellers the world over. The firm’s website permits sellers to function on-line shops and promote gadgets on to consumers.
The firm, which was based in 1995, has additionally developed and purchased a number of on-line marketplaces together with StubHub and Classifieds. As of July 18, 2018, the corporate has a market cap of $37.91 billion. As of June 2018, the corporate has 14,100 staff. EBay’s progress has made a number of of its largest shareholders, together with its founder, very rich.
In July 2018, the firm filed a discover with the state of California that it’s going to completely lay off roughly 300 staff in San Jose, San Francisco and Brisbane. Those layoffs are anticipated to be accomplished throughout the similar week.
Pierre Omidyar based eBay in 1995 and is its largest shareholder with 58.5 million shares as of April 4, 2018. Omidyar began the corporate, which he initially referred to as AuctionWeb, from his house on Labor Day weekend when he started writing code for an concept to deliver consumers and sellers collectively in an open market. He employed his first worker in June 1996 to assist handle the corporate’s explosive progress, and he renamed the corporate eBay in September 1997. In 2017, the corporate had an annual income of $9.6 billion.
Omidyar based a philanthropic enterprise named the Omidyar Network in 2004. As a part of this group’s efforts, he gave $100 million to Tufts University, from which he earned a bachelor of science in pc science. He serves as an advisor to Neoteny Co. Ltd. and as commissioner of the President’s Commission on White House Fellowships. He continues to function a member of the board of administrators of eBay.
John Donahoe is the second-largest eBay shareholder with 823,896 shares as of July 17, 2015. Donahoe was the chief govt officer (CEO) and president of the corporate from March 31, 2008, to July 17, 2015. He joined eBay in 2005 as president of eBay Marketplaces. In this function, he managed all the firm’s e-commerce platforms. After the corporate acquired PayPal, Donahoe grew to become PayPal’s interim president from January to April 2012. Prior to becoming a member of eBay, Donahoe served because the CEO and worldwide managing director of Bain & Company.
Donahoe has served on a number of boards of firms and not-for-profit organizations. He is at the moment President and CEO at ServiceNow. He can be chairman of PayPal (PYPL). Donahoe graduated with a bachelor of arts in economics from Dartmouth College and obtained an MBA from the Stanford University Graduate School of Business.
Devin N Wenig
Devin Wenig is eBay’s President & CEO. He is the third CEO in Ebay’s historical past. Wenig grew to become CEO in July 2015, after overseeing eBay’s Marketplaces enterprise as President for near 4 years. While Wenig has been CEO, eBay has grown annual Gross Merchandise Volume from $60.three billion in 2011 to $88.4 billion in 2017. During this timeframe, eBay gained 71 million energetic clients, to a complete of 170 million.
Wenig holds 702,053 shares of the corporate as of June 15, 2018.
Michael Jacobson is the fourth-largest eBay shareholder with 518,559 shares as of July 15, 2017. Jacobson was the final counsel and secretary of eBay Inc. from August 1998 to July 2015 and the senior vp of authorized affairs till July 2015. Jacobson helped form the corporate’s content material, contracts and legislation enforcement insurance policies in addition to its Securities and Exchange Commission (SEC) compliance throughout his tenure with eBay. Prior to becoming a member of eBay, Jacobson was a companion with the legislation agency of Cooley Godward LLP, the place he specialised in securities legislation and mergers and acquisitions (M&As).
Jacobson has served as a director of GSI Commerce Inc. and eBay Enterprise Inc. since June 2011. He holds a bachelor of arts in economics from Harvard College and a Juris Doctor from Stanford Law School.