eBay is a major online retailer that brings in sales of more than $16 billion annually and employs more than 33,000 people worldwide. Launched in 1995, eBay began solely as an auction site, where individuals could post items for sale and then sell them to the highest bidder. Over the years, it has grown into an online marketplace with millions of buyers and sellers located all around the world. Headquartered in San Jose, California, the company also offers a number of electronic services, including PayPal, which allows people to safely send and receive money, accept credit cards and pay for goods and services online.