PayPal Announces Intent To IPO
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.
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I don't know to much about PayPal's operations, but I thought their technology and all worked just fine.
The point of an IPO is to get a huge infusion on cash, so I can't help but wonder what they hope to do with that money that they aren't doing now?
Unless of course it's just some greedy execs that are hoping to make a small fortune and then abandon the company.