The 90-Second Demo That Made Wall Street Rewrite the Rules: How Pierre Omidyar Sold a Broken Laser Pointer for $14.83 β And Accidentally Invented eBay
On Labor Day 1995, a programmer posted a broken laser pointer online as an experiment. When it sold for $14.83 to a collector, Pierre Omidyar realized he'd stumbled onto something bigger than e-commerce β he'd discovered that the internet could create markets for anything.