What we’re reading: How eBay shaped the modern internet

eBay, the first major marketplace that revolutionized how people viewed the usefulness of the in the 1990s, pioneered both the promise and pitfalls of online platforms, including the dynamics that plague the largest forces on the internet today, argues New York Times reporter John Herrman.

Why it matters: The influence of internet platforms — primarily Google and Facebook — have grown exponentially since eBay’s heyday, when only half of U.S. adults used the internet. Regulators and consumers alike are trying to sort out how news, information, data and ads are peddled on these platforms — and how it all impacts competition and general discourse.

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