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|EBay Inc was formed as a sole proprietorship in September 1995 and was incorporated in California in May 1996. In April 1998, it reincorporated in Delaware, and in September 1998, it completed the initial public offering of its common stock. The Company is a technology company that enables commerce through three reportable segments: Marketplaces, Payments and Enterprise. These segments provide online platform, services and tools to help individuals and small, medium and large merchants around the world establish online and mobile commerce and payments. Its Marketplaces segment brings buyers and sellers together through fully automated and easy-to-use online websites and mobile applications that are available throughout the world at any time, including through localized eBay.com sites in many countries. The Company's payments segment provides efficient payment and settlement capabilities for consumers and merchants on and off eBay websites and other merchant websites. It has three main payment brands: PayPal, which enables individuals and businesses to securely, easily and quickly send and receive payments online and through the mobile device; Bill Me Later, which enables U.S. merchants to offer, and U.S. consumers to obtain, credit at the point of sale for e-commerce and mobile transactions through. Enterprise segment operates three primary lines of business: Commerce Technologies, Omnichannel Operations and Marketing Solutions. It provides its products and services on an individual basis and as bundled solutions. Each of these three primary lines of business complements the other, which allows for cross-selling opportunities. The Company encounters vigorous competition in businesses from numerous sources like online, mobile and offline channels. The Company is subject to laws relating to the collection, use, retention, security and transfer of personally identifiable information about its users.|
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