Ebay is still vying on the same tradition of faith in humanity today; however, in the cases where people fail to follow through, Ebay provides the following buyer protection policy:
Ebay has been a game changer for e-commerce such that it provides an bottomless store and endless arrays of options, sellers, buyers, and products from boats to jewelry to collectible knick knacks. In its "Who We Are" section, the most updated statistics are from 2011 which states that there are more than 100 million active users globally and the total value of goods sold per second is greater than $2,100, totaling $68.6 billion sold in the year of 2011.
Ebay is contantly expanding and aquiring new companies, its most recent among the team of PayPal, Shopping.com, StubHub, and Bill Me Later as of 2011 being GSI Commerce. Their markets expanded from individual sellers and buyers to including small companies, to including larger companies, and even to having designer markets.
Ebay is considered as the first example of online social networking as well, firmly establishing that fact such that when three years after it's launch in 1998 it introduced a personalized network account, "My Ebay." Thus personal profiles developed with personalized shopping relativity and relevancy towards previous searches, purchases, and interests. Mobility also increased as Ebay further expanded and PayPal devised a mobile application for customers to send money via their phones.
In 2000 Ebay became the number one in e-commerce, and it has held its position firmly ever since.
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