September 3, 1995

The online auction site, eBay, is launched as “AuctionWeb” by Pierre Omidyar. The first item sold, a broken laser pointer, wasn’t actually intended to sell, but rather to test the new site, itself started as a hobby. Surprised that the item sold for $ 14.83, Omidyar contacted the buyer to make sure he knew the laser pointer was broken, to which was replied, ”I’m a collector of broken laser pointers.” From that first $ 14.83, Omidyar is now worth billions of dollars.