AuctionWeb Toddler's Tee Flooz ’ global money that would

’ global money that would challenge the world’s major currencies

the buyer explained: "I'm a collector of broken laser pointers

but was shut down a few days later by Harvard administration

it was purchased by The Washington Post Company (later renamed the Graham Holdings Company)

The company began to lose tens of millions of dollars per quarter in 2000

AuctionWeb Toddler's Tee Flooz ’ global money that wouldHistory: The AuctionWeb was founded in California on September 3, 1995, by French born Iranian American computer programmer Pierre Omidyar as part of a larger personal site. One of the first items sold on AuctionWeb was a broken laser pointer for $14. 83. Astonished, Omidyar contacted the winning bidder to ask if he understood that the laser pointer was broken. In his responding email, the buyer explained: "I'm a collector of broken laser pointers."