Shopping.com
Parent eBay | | |
Website | www |
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Shopping.com is a
History
Shopping.com began as Papricom (DealTime.com),[1] which was founded in Israel in 1998 by Dr. Nahum Sharfman and Amir Ashkenazi,[2] the original business model was to create a downloadable client that would monitor changes in prices of products the user seeks to buy over time, notifying the user when the product price reached a predetermined level (hence the site's original name, DealTime). Originally targeting American consumers, the basic concept was quickly modified from a downloadable client to a purely web-based service, a concept the company has kept ever since.
After recruiting a management team of high-ranking executives from other industries, DealTime underwent rapid expansion in 2000 including formation of a major alliance with media giant
Under the leadership of its CEO,
The company went finally public in October 2004, and was acquired by eBay in June 2005 for $21 per share in cash, or total consideration of approximately $634 million.[3] It is currently a semi-autonomous division within eBay and still runs the www.shopping.com website. eBay and Shopping.com functionalities are slowly being merged, for example eBay's PayPal payment system in SDC's offering to its advertising merchants. Shopping.com accepts CPC bidding. Merchants must pay a minimum of $100.
Since 2005, the company has added French, Australian and once again a German version of its website.
In April 2009, 61-year-old Nahum Sharfman was killed, along with his wife Nava, when their private plane crashed in Greece.[4]
See also
- Amazon.com
- eBay
- Kelkoo USA Website
- Price comparison service
- Silicon Wadi
References
- ^ "PapriCom Technologies Wins CommerceNet Award - Globes English". Globes. December 22, 1998. Retrieved October 9, 2017.
- ^ a b "Prospectus Filed Pursuant to Rule 424(b)(1)". www.sec.gov. Retrieved October 9, 2017.
- ^ "eBay Inc. - eBay Completes Acquisition of Shopping.com". Investor.ebay.com. Archived from the original on July 10, 2011. Retrieved September 6, 2013.
- ^ Nahum Sharfman, Founder Of Shopping.com, Perishes In Plane Crash, Techcrunch, April 29, 2009; accessed on Aug 27, 2020