Objectives of knowledge management

Context 
It’s hard to believe that one of the most celebrated dot‑ 
coms has now been established nearly 20 years. Pierre 
Omidyar, a 28‑ year‑ old French‑ born software engi‑
neer living in California, coded the site while working 
for another company, eventually launching the site for 
business on Monday, 4 September 1995 with the more 
direct name ‘Auction Web’. Legend reports that the site 
attracted no visitors in its first 24 hours. The site became 
eBay in 1997. By 2012, eBay had 112 million active 
users globally, defined as users who have bid, bought 
or listed an item during the preceding 12‑month period, 
with the total worth of goods sold on eBay $60 billion, 
which is equivalent to $2,000 every second. Total rev‑
enue was $8.7 billion.