Pierre Omidyar

Pierre Omidyar

Pierre launched eBay on Labor Day 1995 as an experiment in how a level playing field would affect the efficiency of a marketplace. Today, more than ... More »Pierre launched eBay on Labor Day 1995 as an experiment in how a level playing field would affect the efficiency of a marketplace. Today, more than one million people rely on eBay as their primary or secondary source of income, and more than 200 million people trust strangers with every transaction, finding common ground where none seemed to exist before. After eBay became a public company in 1998, Pierre and his wife, Pam, co-founded the Omidyar Foundation to fund nonprofits. Yet they found that their vision required a broader, more flexible tool set than the foundation could offer. At the same time, eBay’s tremendous social impact as a for-profit company was demonstrating that business could also be an effective tool for making the world a better place. In response, they broadened their scope in 2004 and formed a new entity, Omidyar Network, to make investments as well as grants. To date, Omidyar Network has engaged in a number of areas that leverage market-based, collaborative approaches in order to unleash human potential on a global scale. As an extension of Omidyar Network’s activities in micro finance, in 2005, Pierre and Pam Omidyar gave $100 million to Tufts to create the Omidyar-Tufts Micro finance Fund. Their endowment gift, the single largest in the history of Tufts, is aimed at accelerating growth in the micro finance sector and is being invested solely in micro finance initiatives. Prior to founding eBay, Pierre co-founded Ink Development Corp., later renamed eShop and acquired by Microsoft. After graduating from Tufts with a B.S. in computer science, he joined Claris, a subsidiary of Apple Computer, as a consumer software engineer. Today, Pierre serves as a trustee of Tufts University, Punahou School and Santa Fe Institute, a director of Meet up, and chairman of eBay Inc.

Are Iran and Israel Trading Places?

Their economic, scientific, scholarly and cultural achievements are now well known in the United States thanks to people like the eBay founder Pierre Omidyar. They are increasingly establishing themselves as a powerful force advocating a more democratic Iran and better relations with the ...

Icahn May Someday Win, and eBay Will Spin Off PayPal

Pierre Omidyar, eBay’s founder and holder of a stake almost four times larger than Mr. Icahn’s 2 percent, said the activist’s attacks were misleading. The company pointed to PayPal’s 40-fold growth in mobile payments over the past three years as evidence that eBay’s ownership helped ...

Ebay and activist investor Carl Icahn settle proxy fight

He would be the 10th independent board member; the other two are eBay founder Pierre Omidyar, the company's largest shareholder, and Donahoe. Icahn has signed a confidentiality agreement, and eBay also agreed not to adopt a policy that would prohibit board members and certain executives ...

How Airbnb and Lyft Finally Got Americans to Trust Each Other

This was early in eBay’s development, when its trust and safety policies could be summed up by founder Pierre Omidyar’s animating premise: “People are basically good.” Chesnut did not find this particularly reassuring. “As a federal prosecutor, I’m not an altogether trusting type,” he ...

Glenn Greenwald book to contain 'new stories from the Snowden archive'

In February 2014 he launched a website, The Intercept, which was the first venture from First Look, a media company backed by the eBay billionaire Pierre Omidyar. His book on Snowden is due out in May. Greenwald, who lives in Brazil, recently returned to the US for the first time since ...

Pulitzer Awarded to The Guardian and Washington Post for Coverage on Snowden's NSA Leaks

Greenwald left The Guardian in October to start First Look Media with eBay entrepreneur Pierre Omidyar. Poitras as also joined the company. Greenwald's vertical, The Intercept, went live in February and will continue to explore the documents from Snowden. Have something to add to this ...

Vox.com's Melissa Bell: 'This is a chance to do journalism differently'

" Bell made the comment in response to a blogpost from Emily Bell, in which the Guardian columnist claimed that "the great VC‑backed media blitz of 2014", including Vox, FiveThirtyEight and eBay founder Pierre Omidyar's First Look Media, is being led almost exclusively by white males as ...

BBC News Investor Carl Icahn drops call for eBay to sell PayPal

He and other board members, including eBay founder Pierre Omidyar, have repeatedly said eBay had been funding PayPal's growth, and that the two were better off together. eBay bought PayPal in 2002 for $1.5bn (£905m), and the payments company is now the Silicon Valley firm's ...

Carl Icahn, eBay Settle

The other two directors are eBay Inc. Founder and Chairman Pierre Omidyar, the company’s largest shareholder, and company President and CEO John Donahoe. Dorman, 60, is a Founding Partner of Centerview Capital Technology. He brings over 38 years of senior executive, operational, board ...

A New Golden Age for Media?

Some are investing in it—most bounteously, Amazon founder Jeff Bezos, who bought The Washington Post for $250 million, and eBay founder Pierre Omidyar, who has pledged the same amount to his new First Look Media; but also the executives at Disney-owned ESPN in Nate Silver’s ...

Taking the Kids: PEZ museum is full of wonder

And there would be no eBay without PEZ dispensers, according to Doss, who tells the story of Pierre Omidyar, a Silicon Valley man who started a website for his wife to buy, sell and trade PEZ dispensers that eventually became eBay. (The story has been disputed on various websites, which ...

Lightspeed VC Peter Nieh on Ultimate, the tech bubble and why he passed on eBay

Before the game, Nieh spoke to me about Ultimate, his investments in companies like Nest, Bloomreach and Aerohive Networks, and his one big regret — not calling former colleague Pierre Omidyar about investing in eBay when it was getting started. We also talked about the inevitability of ...

Greenwald back in US after NSA revelations

Greenwald, who broke the story for The Guardian, now heads the editorial board at The Intercept, a new online magazine backed by eBay founder Pierre Omidyar. The awards were established in 1949 by Long Island University to commemorate Polk, a US correspondent murdered in 1948 while ...

Greenwald & Poitras just landed in the U.S. the first time since Snowden leaks

Both journalists continue to play key roles in the reporting of government surveillance practices, most recently through their involvement in eBay founder Pierre Omidyar’s First Look Media. Previously, Greenwald and Poitras reported for UK-based newspaper the Guardian and Germany-based ...

​NSA-leak reporters Greenwald, Poitras to return to US for award despite ‘threatening climate’

... climate for journalists.” Greenwald said his legal counsel has not received word from the US that the journalist – now leading billionaire eBay-founder Pierre Omidyar’s First Look Media – would face charges upon return, or if he is tied to a grand jury investigation regarding the NSA leaks...

Glenn Greenwald and Laura Poitras return to U.S.

"This ruling risks bracketing journalistic activity together with terrorism," said CP On the new Web page of Glenn Greenwald, a journalist, who published the revelations of Edward Snowden and Pierre Omidyar, founder of eBay, was placed online today article on the role of the NSA in the ...

Omidyar Network's Ory Okolloh Named To The TIME 100,... REDWOOD CITY, Calif. and JOHANNESBURG, A

Established in 2004 by eBay founder Pierre Omidyar and his wife Pam, the organization invests in and helps scale innovative organizations to catalyze economic and social change. Omidyar Network has committed more than $688 million to for-profit companies and non-profit organizations that ...

EBay, Icahn reach truce

Donahoe and board members, including founder Pierre Omidyar, have repeatedly urged shareholders to reject Icahn's proposal at the annual shareholder meeting in May, saying eBay and PayPal were better off together. In mid-March, Icahn appeared to backtrack, calling on eBay to sell 20 ...

The Silence at The Intercept Is A Reflection of Startup Newsroom Difficulties

But, I can understand the complaints around the Web that The Intercept’s design is boring at best, given the $250 million eBay founder Pierre Omidyar funneled into the project. For all we know, though, part of their silence could be allowing for a total makeover. Even though The ...

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