The Global Electronic Music Marketplace (GEMM) was an online music trading

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established in 1994. It was founded by CEO/COO Roger Raffee and Jim Hall, and based in

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. Most of the items traded on the site were used CDs and LPs. As of February 2016 the site is defunct. Between 1996 and 2001, GEMM was the largest online music

marketplace A marketplace or market place is a location where people regularly gather for the purchase and sale of provisions, livestock, and other goods. In different parts of the world, a marketplace may be described as a '' souk'' (from the Arabic), ' ...

, with a sales and revenue yearly growth rate of 100% and 11 employees. By 2002, the site's inventory had grown from 250,000 to 16 million items. Similarly to trading sites such as

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, GEMM included a five-star vendor rating system based on buyer feedback, as well as advanced search features and custom user want-lists. GEMM filed for bankruptcy and ceased business operations effective July 8, 2015.

References

{{reflist, 2 Online marketplaces of the United States American music websites American companies established in 1994 Internet properties established in 1994 Internet properties disestablished in 2015 Companies based in San Diego 1994 establishments in California

See also

References