Detailed text transcripts for TV channel - CNN - 20170820:05:44:00
Of online credit card use. >> our little shopping carts that we now use are invented by pornographers. what was unknown was whether or not somebody could set up a website and actually make money. and the proof of concept of that was pornography. >> for the most part, entrepreneurs have not figured outs how to make profit on the internet, that is until ebay came along. >> pierre omidyar started the auction site as a hobby. three years later, it has a market value of close to $6 billion and is a superstar on wall street. ebay makes its money by charging to list an item, then takes a small percen...