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PayPal Goes Public

Posted by ryuzaki0 on from the hip-hip-hurrah dept.

fluffhead234 writes: "Looks like IPO's for internet companies can still bring in something. PayPal, the online payment people, raised just over 70 million in their IPO: PPay Pal IPO"

7 of 166 comments (clear)

  1. Who needs an IPO? by glh · · Score: 5, Funny

    Why on earth do they need to raise funding through an IPO when they have all those frozen accounts to dip into?? :)

  2. Re:My anus, plc by Anonymous Coward · · Score: 1, Funny
    Your link doesn't work. How can you expect me to buy stock in something you can't even prove exists? Maybe the EU authorities are pretty lax, but the SEC would be all of your ass in the U.S.--if they could find it, that is.

    ~~~

  3. Re:Pay Pal and Ebay by acceleriter · · Score: 2, Funny
    The problem with Amex is its fees are generally higher, and those sufficiently creditworthy to have an American Express almost always have a Visa or MasterCard as well, and are used to grabbing it when they hear "Sorry, we don't take American Express."

    American Express, though, is making inroads--heck, even Wal-Mart takes them now. And there's nothing much more ironic than watching someone pull out his tres pretentious Platinum Card (no longer all that--the real elite have the Centurion black one) and hand it to the Wal-Mart cashier for diapers and soda pop.

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    CEE5210S The signal SIGHUP was received.

  4. Buying Stock by arloguthrie · · Score: 2, Funny

    Can I use PayPal to buy PayPal stock? Or is that just asking for trouble?

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    Cheese it! It's the FEDS!
  5. Re:Caution! by jredbird · · Score: 2, Funny
    Despite your well intentioned caution, I had been looking forward to a 'buy and dump' strategy all week. However, I was terribly (and happily) distracted by Valentine's Day activities with my wife...although not altogether unrewarding, I missed the IPO and didn't clear the $6.50 a share I would had I followed through on my own advice.

    Caution is well founded in the long term with respect to this particular company. Although, the fact that this company is utilized by a number of shady characters, which does give it the advantage of stability, they will be the target of litigation and regulation unlike most businesses. Being in such a position may well add to the cost of doing business beyond what they are able to recover from users.

    In the short term, however, I'm sure they will enjoy good profits. They are one of the very few business models out there capable of taking a little piece of illegal industries, and dipping into the huge underground economy supported by black markets around the world. Not a bad bet in my opinion.

  6. Re:the value of a dollar? by Xenu · · Score: 3, Funny
    And by extension, what is a Federal Reserve Note (FRN) backed by?

    The 82nd Airborne Division :-).

  7. I wish I worked at Herman Miller by viper21 · · Score: 3, Funny

    I wonder how many truckloads of Aeron chairs are on their way out to Paypal?

    I wondre if Herman Miller TAKES PayPal? That's an interesting paradox. It's an instant 3% off their purchase ;-)

    -S

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