ebay started in 1995 as an auction house.unlike most dot-coms,ebay was based on a model that produced profits,not just revenue.whenever a user posted an item for auction,ebay collected a fee.the move products that went up for auction,the more money ebay made.ebay has tinkered with its fee structure over the years.but the basic idea has remained the same.the online auction formula took off like wildfire and ebay dominated the industry. ebay's revenue,stock price,profits,and number of employees,soared.by the the year 2000,ebay was the number one e-commerce site in the world by sales