The story of the online auction monopolist eBay

eBay. A firm which in 2011 had a net income of more than 3.2 billion. A website which almost everyone has heard of.

In an article I recently posted which explored whether there is really that much diversity online, I noted how eBay owned four websites in Alexa’s top 100 ranking – eBay.com, eBay.de, eBay.co.uk and PayPal.com.

There is no doubt that eBay holds a monopoly on the online auction market. But how did it get there? On September the 2nd 1995, eBay didn’t exist. One day later on September the 3rd it did, and after just over 3 years and 6 months, the site made its first major acquisition, the auction house Butterfield & Butterfield which it purchased for the price of $260,000,000 USD. A spend of 260 million after less than four years trading? eBay’s rapid early growth set it up to become a global internet phenomenon.

eBay kept buying up smaller firms, but not spending nearly as much as it had on its first purchase until mid-2000 when it forked out 318 million (USD) to buy Half.com. This was an amazing investment at the time, as even today it stands as eBay’s 6th largest ever investment, and it has made hundreds.

PayPal's logoThat said, the purchase of Half.com was to prove small fry to PayPal, which the now giant auctioneer purchased 2 years later in July 2002 for an astounding $1.5 billion. PayPal integration with eBay is (in my opinion) one of its greatest ever business moves. eBay is now able to seamlessly integrate processing credit card payments without having to pay millions every year to third parties. Fees eBay would have lost to PayPal are now extra revenues.

eBay wasn’t done though, going on to make the biggest purchase in its history, by buying Skype Limited for more than $2.5 billion. The auction site purchased the Luxembourg based company in 2005, only to sell 70% of its shares in 2009 for $2 billion – a healthy profit. Later, in May 2011, Microsoft bought Skype in its entirety for $8.5 billion, an investment which I am not sure it will see great returns on in the near future at least.

Skype's LogoeBay started to turn into a Microsoft and a Google. It was fast becoming an internet giant which bought up pretty much anything it could see turning it a bigger profit, or anything which posed a threat – in terms of competition. Just some of its purchases include StumbleUpon, Bill Me Later and Magento, the ecommerce web application.

Many say that eBay is one of the most notable successes the dot-com bubble, and I have to agree. Without the internet, eBay would be nowhere. It got in early and grew from the start, giving its competition very little chance.

Like it or hate it, eBay is an internet phenomenon, and also an internet giant. In my opinion it is successful down to luck: a good idea at the right time. Had it been thought of a year later, eBay might not be what it is today, had the internet not really taken off as it has and still is doing, eBay would again might not be where it is today.

What are your views on eBay? Were you aware of how much it owns and how rich it is? Is its monopoly unfair, or don’t you mind?

New Year’s Resolution: Find the Apps that Motivate You

New Year’s resolutions are a funny thing because most people make them with the expectation that they won’t keep them. As the excitement of the turning year begins to fade away into the monotony of work and everyday life, so too does our resolve to make this new year the best yet by losing weight, saying goodbye to cigarettes, and making the effort to stay connected to family and friends.

But if you really want your resolutions to stick this year then you need to make a plan that keeps you on track for success, and modern technology can help. Here are just a few apps for Apple devices that are sure to help you keep all of your resolutions this year!

TraxItAll

If one of your biggest problems with your New Year’s resolutions in the past has been tracking your progress in order to stay motivated and see how far you’ve come, then this app will certainly solve your problem. With a user-friendly interface that allows you to enter goals and report on progress daily, a simple system for tracking that involves yes/no answers (Did you work out today? Did you count calories? Did you call mom?) and a section for notes (30-minute workout, 1,500 calories, blood pressure 110/70), and a chart to view monthly progress, you’ll quickly see the rewards of your efforts, and all for $1.99.

Resolutions 2012

There are actually two apps by this name in the iTunes store, but the better version by far was made by 2Morrow Mobile and comes with a price tag of $0.99.

You’ll have to start by entering your resolutions, and from there you’ll be prompted to make a plan of action that will help you to reach your goals. With a step-by-step approach and reminders to keep you on track (not to mention optional sharing via Facebook, Twitter, and SMS), you’ll have a much better chance of getting to your goal weight, laying down the cigarettes, or finally saving up for that dream trip to Paris this year.

Jillian Michaels Slim-Down Solution

If you ever wanted this pocket-sized personal trainer in your pocket, now you can have your wish. With her free app for the iPhone (or other iDevice) you can now take Jillian from The Biggest Loser everywhere you want to be. You’ll get 30 slimming recipes and 30 fat-burning exercise routines with this version (plus daily tips, weekly podcasts, and more), or you can get much more with the paid service. At $3.99 per month it’s cheaper than a gym membership or joining a diet program.  And having a personal trainer in the palm of your hand? Priceless.

LIVESTRONG MyQuit Coach

For fans of the LIVESTRONG series of apps, this little freebie will be a welcome addition.  With a simple approach to finally quitting that sets reduction goals and prompts you to track your cigarette consumption, you should have no problem kicking the habit. With more than 1,500 satisfied customers (those are just the ones that rated the app), it could just provide the motivation you need to quit for good.

Skype WiFi

In the world of cheap internet innovations, this could just be the best service to hit computers, phones, and tablets. No matter where you are in the world, if you can find an internet café you can talk to your friends and family practically free with this amazing app. You only pay $0.06 per minute (via Skype credit) and it allows for unlimited talk, text, browsing, download, etc. And if you can’t find a hotspot, it will locate one for you from more than a million locations. So if staying connected is one of the many New Year’s resolutions you’re bound to break, this app could make it a lot easier (and cheaper) to get in touch.

7 Apps You Must Have on Your iPhone 4S

iPhone 4S in black and whiteApple has made computing very easy by integrating some of the special functions of computer on mobile phones. The iPhone is a smartphone series made by Apple. These products are becoming increasingly popular that everybody boasts of owning one.

There are several things that your iPhone can do for you, if you just have the right app for it. From multimedia applications to GPS tracking applications, there is barely anything you can’t find for your iPhone in terms of applications.

The new iPhone 4S released by Apple is a super smartphone. Just in a few days after the launch of the mobile phone, several million copies have been ordered online and ISPs like AT&T have made more sales than ever from it.

But this iPhone 4S might only look more interesting if you have some apps that can make your iPhone 4S livelier.

1. Plants vs. Zombies

There is thrill in playing game on an iPhone. But, I’ve not been as thrilled as I was when I first played Plants vs. Zombies on an iPhone 4S. I’ve always played the game on my laptop computer and it’s always fun.

The truth is that everyone hates zombies, which justifies the reason you want to kill them. Install this game on your iPhone 4s and unleash your fury on these virtual zombies. But you have to be cautious when you start seeing the Michael Jackson Thriller dancers coming after you.

2. iTunes Movie Trailer

iTunes Movie Trailer allows you to watch trailers of movies in HD. You don’t want to miss any new movie and want to remain up to date about latest films. This app has an interestingly slick interface. You can also see popular trailers from various categories.

3. Starbucks

Isn’t it fun? You can now get all the information about Starbucks from your iPhone, directly through this application. You don’t need to start looking up the internet for useful information on Starbucks again.

Among the features of this application are store locator, food and beverage information and it also makes it easy for you to send gifts from Starbucks to your friend.

It also has amazing features like mobile pay. You can load your virtual Starbucks card with funds and can also have your personal barcode scanned at the register.

4. iMovie

Edit your movies on iPhone 4S with iMovie. iMovie allows you to make good movies in minutes by allowing you to add pictures, clips and music to help you bring out masterpiece movies.

iMovie is the one of the best tools for video editing. You can customize your video to your taste and likening. I think this is one of the most interesting apps for multimedia Apple has made for the iPhone.

 5. iCloud

Back up your important files on the cloud with iCloud for iPhone. Once you have iCloud on your iPhone 4S, you don’t have to worry about losing your files. It has also helped me with my weight watchers discounts and edits coupon blog.

It also makes it possible for you to have multiple backups for your special files. You can use you Mac, iPad and iPhone to backup the same file at a time, all secure and safe.

6. Angry Birds

Angry bird is a very popular puzzle game. Take revenge for the birds by attacking the green pigs busy stealing their eggs. The birds are who you fight for, and they are your weapons, too.

Angry birds looks perfect on iPhone 4S for the advanced player and is also challenging and along the line interesting for the new players.

7. Skype

You love to make video calls, who doesn’t? Skype is arguably the best video calling application you’ll have around. Make video calls directly from your iPhone 4S with Skype installed on it. Calling from Skype is also cheap.

You probably have tried it on your previous iPhone series? Well, it’s going to be more fun with iPhone 4S since the new iPhone model has a better and higher camera power.

Try out these apps on your iPhone 4S and come share your experience with us. You’ve tried them already? That’s great. Please share what you think about them with us.