Article: eBay's AuctionWeb Tops One Million Bids; Leading Online Auction Service Announces Record Year.

SAN JOSE, Calif.--(BUSINESS WIRE)--Dec. 12, 1996--eBay Inc. announced today a record number of completed auctions in 1996 for its online auction service, AuctionWeb.

Since January, the company has completed more than 250,000 successful auctions and received more than one million bids for items listed on AuctionWeb. The total transaction value of goods sold through AuctionWeb now exceeds $4.5 million.

"The figures clearly demonstrate that individuals are willing to conduct business with one another on the Internet," said Jeffrey Skoll, president. "AuctionWeb is the largest continuous auction in history - unmatched anywhere, anytime."

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