what does ebay stand for

The "e" in eBay stands for "electronic". The company was originally called AuctionWeb when it was founded in 1995 by Pierre Omidyar. After the site became successful, Omidyar renamed it eBay to reflect its focus on electronic commerce. eBay is an American multinational e-commerce company based in San Jose, California, that facilitates consumer-to-consumer and business-to-consumer sales through its website. It is the largest online auction house and the seventh-largest online retailer in the world. eBay allows sellers to list and sell their products directly to buyers, and millions of collectibles, decor, appliances, computers, furnishings, equipment, domain names, vehicles, and other miscellaneous items are listed, bought, or sold daily on eBay.