[1] musicMagpie was founded in Stockport in 2007 by Steve Oliver and Walter Gleeson, both with previous experience of the music industry.

[2] Records show that from February 2017, the company employed 1000 people, and received 5 million ratings on eBay, becoming the most popular seller on that platform.

[4] In October 2024, British electrical retailer AO World announced it would acquire musicMagpie for approximately £10 million.

The principle behind its purchase and sale algorithm is to keep a minimum stock in the company's warehouse, and continuously buy and sell the same item while listing it on multiple platforms.

Depending on an artist's new release, advertisements and other relevant factors, the company tends to increase the stock if expecting to get bigger sales from a specific product.