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PayPal Announces Intent To IPO

Posted by ryuzaki0 on from the get-while-it's-good dept.

seek31337 was the first to write to us with the word-direct-from-the-mouth that PayPal has announced its intention to IPO. Not much other details, but interesting nonetheless.

4 of 180 comments (clear)

  1. Never really understood... by dmarcov · · Score: 5, Insightful

    It always amazes me how investors seem interested in tiny little companies that have a neat idea, but if it ever really takes off could be entirely duplicated by a larger, more well known company, do it all for "free" (ie: ads, having an account, whatever) and not even look back twice at the dark smudge they just ran over.

  2. PayPal isn't your average Dot-Com by Desus · · Score: 5, Insightful

    Far from being your average "no value, pointless" dot com, PayPal serves a purpose to users of On-line auctions. I remember the days of yore when I had to walk about 20 miles ;) to go buy a money order because nobody wants to accept a check on-line (are u serious? Do u know what kind of people use the net LOL)
    Paypal takes all the extra steps out of this process and to those who's tech skills aren't enough for them to wade through Billpoints sign-up process, PayPal is the DE FACTO online payment service. Just do a quick check on eBAY for the number of auctions that only accept payment through paypal.
    Good luck with this IPO. I'll buy some shares.

  3. WTF? paypal is a bank. by perdida · · Score: 4, Insightful

    PayPal provides services like a bank, and can operate offshore accounts and stuff (all you need is a credit card and a paypal account in Moscow or wherever you are) and should be regulated like a bank before it goes all IPOing on our ass.

    see here.

    we need to figure out what kind of business it is before we buy shares of it.

    --
    Goat sex free since 2001
  4. Bad news by Anonymous Coward · · Score: 4, Insightful

    The only reason a company would IPO in this environment is they can't get cash any other way.