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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.

1 of 180 comments (clear)

  1. Well run, good people, a business model that works by helloRockview · · Score: 5, Interesting
    Not surprisingly, a lot of Slashdoters doubt PayPal...which is understandable, since it's so difficult to believe that any pure-play dot com can survive these days.

    However, I've had the pleasure of working closely with many of PayPal's senior management over the past two years, back since they merged with X.com. I can tell you three very important things:

    1. The P2P space is actually a loss leader. Most of their profit is made in the B2B and B2C space - not pure P2P as most people believe. They do very well in these spaces and recent analysts predict that their revenue was between $80 and $100mil last year. That's a heck of a lot better than most of the not-coms we've seen over the past several years.

    2. They have an incredibly intelligent, dedicated and savvy staff that understands their market and industry.

    3. They have a business model that works.

    In my opinion, these three items equal success.

    I love their service and I enjoy working with the company. If I didn't enjoy my current job so much, I'd probably apply for a job with them.