<P> On May 8, 2008, eBay announced the opening of its newest building on the company's North Campus in San Jose, which is the first structure in the city to be built from the ground up to LEED Gold standards . The building, the first the company had built in its 13 - year existence, uses an array of 3,248 solar panels, spanning 60,000 square feet (5,600 m), and providing 650 kilo watts of power to eBay's campus . The array can supply 15--18% of the company's total energy requirements, reducing the amount of greenhouse gases that would be produced to create that energy by other means . SolarCity, the company responsible for designing the array, estimates that the solar panels installed on eBay's campus will prevent 37 million pounds of carbon dioxide from being released into the environment as a result of replaced power production over the next three decades . Creating an equivalent impact to remove the same amount of carbon dioxide from the atmosphere would require planting 322 acres (1.30 km) of trees . </P> <P> The design of the building also incorporates other elements to reduce its impact on the environment . The building is equipped with a lighting system that detects natural ambient light sources and automatically dims artificial lighting to save 39% of the power usually required to light an office building . eBay's newest building also reduces demand on local water supplies by incorporating an eco-friendly irrigation system, and low - flow shower heads and faucets . Even during construction, more than 75% of the waste from construction was recycled . eBay also runs buses between San Francisco and the San Jose campus to reduce the number of commuting vehicles . In 2014, eBay and several other Oregon businesses signed the Oregon Business Climate Declaration to promote local job growth and slow carbon pollution . </P> <P> On October 3, 2002, PayPal became a wholly owned subsidiary of eBay . Its corporate headquarters were sited in San Jose, California, United States at eBay's North First Street satellite office campus . On September 30, 2014, eBay Inc. announced the divestiture of PayPal as an independent company, which was completed on July 20, 2015 . </P> <P> In the summer of 2004, eBay acknowledged that it had acquired 25% of classified listings website Craigslist . Former Craigslist executive Phillip Knowlton was the seller, and he insisted that his former employer was aware of his plans to divest his holdings . Initially, eBay assured Craigslist that they would not ask the company to change the way it does business . </P>

What is the original reason why ebay was formed and by whom