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In November 1996, e Bay entered into its first third-party licensing deal, with a company called Electronic Travel Auction to use Smart Market Technology to sell plane tickets and other travel products.Growth was phenomenal; in January 1997 the site hosted 2,000,000 auctions, compared with 250,000 during the whole of 1996.On January 23, 2008, the company announced that Whitman would step down on March 31, 2008, and John Donahoe was selected to become President and CEO.
e Bay was founded by Pierre Omidyar in 1995, and became a notable success story of the dot-com bubble.
Today, e Bay is a multi-billion-dollar business with operations in about 30 countries.
The company manages e Bay.com, an online auction and shopping website in which people and businesses buy and sell a wide variety of goods and services worldwide.
Although some state laws require resident purchasers to pay use tax on out-of-state purchases, it is not a common practice.
However Value Added Tax (VAT), the EU countries' sales tax, is different.