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Money Out of Nowhere: How Internet Marketplaces Unlock Economic Wealth

abovethecrowd.com

Pierre Omidyar founded AuctionWeb in September of 1995, and its rise to fame is legendary. What started as a web site to trade laser pointers and Beanie Babies (the Pez dispenser start is quite literally a legend), today enables transactions of approximately $100B per year. Exchange of Goods Marketplaces. annual GMV.