Founded in 1995 as an online auction site for users to sell and buy goods, eBay is now one of the largest global commerce and payments presences. In 2011, it continued to impress earning $3.2 billion in profits on sales of nearly $12 billion, Much of that was driven by PayPal, which the company acquired in 2002. The popular payments service added roughly one million new users each month last year, driving total PayPal payments up 29% overall.
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