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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"

1 of 166 comments (clear)

  1. Remarkably Ironic... by mikeage · · Score: 4, Interesting

    I think it's interersting that paypal both created (and jumped on) a new marketplace: easy, convenient, secure online funds transfers _for_the_little_guy_. Thanks to Paypal, instead of paying 2-3% to Visa/MC (Amex is the worst: it used to be 7% surcharge) and getting a credit card scanner, anyone could accept credit cards. But then they blew it. Poor security, aweful customer service... I was an early adopter, and really liked the service when it came out. They saw a market, assessed the needs, and then... ignored them. Oh Paypal, what happened? You could have been so great... but now they're just one of a thousand.

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