Jane Gelfand | Head of Investor Relations and Special Projects |
Niraj Shah | Chief Executive Officer, Co-Chairman and Co-Founder |
Steve Conine | Co-Chairman and Co-Founder |
Michael Fleisher | Chief Financial Officer |
Peter Keith | Piper Sandler |
Kunal Madhukar | Deutsche Bank |
Heath Terry | Goldman Sachs |
Steven Forbes | Guggenheim Securities |
Oliver Wintermantel | Evercore ISI |
Jonathan Matuszewski | Jefferies |
Ladies and gentlemen, thank you for standing by and welcome to the Wayfair Fourth Quarter 2020 Earnings Release and Conference Call. At this time, all participant lines are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions]. It's now my pleasure to hand the conference over to Head of Investor Relations & Special Projects, Jane Gelfand.