eBay Founder Pierre Omidyar started the site as a hobby. And as legend has it, when eBay was founded in 1995, the first item sold on the site was a broken laser pointer. When an astonished Omidyar asked the auction winner why he would pay US$14.38 for it, he replied, 'I'm a collector of broken laser pointers.' Perhaps that story is apocryphal, but now nearly three decades since its founding, eBay has gone on to sell everything from laser pointers to luxury megayachts.
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