1、To our Stockholders,Partners,Employees and the eBay CommunityA Dedicated CommunityeBays global community of buyers and sellers amazed and inspired us in 2003.Not only did thecommunity grow by more than 33 million people during the year,but it demonstrated more passion fortrading than ever before.The
2、 communitys drive and determination continued to build an ever moredynamic and robust marketplace.By creating opportunity for millions of people,eBays community ischanging the way commerce is done around the world.Every day men and women around the world nd new ways to take advantage of the eBaymark
3、etplace.As a result,there are as many stories on eBay as there are members.An Ohio expert on 3Dviewers uses eBay to nd rare models and vintage reels.A traveling salesman in Cape Cod sets up acompany selling high-end sneakers in order to stay home with his wife and young children.Anunemployed couple
4、in Arkansas build a family business through selling art prints.A Minnesota farmersearches eBay to nd used farm equipment at a discount.A young man in Hong Kong turns his passionfor toy cars into a global trading business.These members,and millions more like them,are pursuing theirdreams and nding ne
5、w kinds of success with eBay.Building a Company to LastAs the community has grown,the eBay marketplace has expanded and the business has becomestronger.Ninety-ve million users from more than 150 countries listed 971 million items on eBay last year.The total value of goods sold on the site,which is c
6、alled gross merchandise sales(or GMS),reachednearly$24 billion,a 60%increase from 2002.At the same time,usage of PayPal,the companys onlinepayment service,also grew,demonstrating the convenience and value it brings to online trading.TotalPayPal accounts almost doubled to 40 million in 2003,driving 2