eBay Auction - e-book and free content

eBay has its share of controversy, ranging from its privacy policy (eBay typically turns over user information to law enforcement without a subpoena) to well-publicized seller fraud. eBay data shows that less than .01% of all transactions result in a confirmed case of fraud.
A screenshot of eBay's front page.
eBay generates revenue from a number of fees. There are fees to list a product and fees when the product sells. The eBay fee system is quite complex and takes $0.20 to $80 per listing and 3-5% of the final price. In addition, eBay now owns the PayPal payment system which has fees of its own.
Founded in San Jose on September 4, 1995 by Pierre Omidyar and Jeff Skoll as Auctionweb, part of a larger personal site that included, among other things, Omidyar's own tongue-in-cheek tribute to the Ebola virus.
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