posted on September 30, 2001 10:32:34 AM new
You can read the S-1 prospectus on freeedgar.com
The whole thing will turn your brains to mush before you get thru 10% of it... but they're required to lay out all risk factors. Addresses for the venture cap operations that have dumped money in so far are there, too, and names of all officers.
If they go through with it and are on the NASDAQ, they'll have a nice posting board on Yahoo Finances for users to bring stockholders (I wouldn't characterize them as "investors" up to speed on day-to-day problems...
posted on September 30, 2001 10:53:46 AM new
PayPal's in too tenuous a position to be a great investment. They're too dependent on eBay sellers. You never know what other moves eBay has up their sleeve to weaken PayPal --- A4A was one move by eBay to strengthen rival BillPoint. Heck, eBay could change their whole payment platform to one like they use at Half.com or Amazon's 1-Click and PayPal would be finished! With a dominant Internet firm like Exodus (they hosted Yahoo and eBay) going bankrupt last week (a $20 billion company erased to zero) and many others looking to be heading that way (i.e. Internet incubators like CMGI and Internet Capital Group, AtHome, Metromedia Fiber Networks, Level-3, etc.), how long would PayPal have?
Why would they go public in this environment? Has needed funding dried up?
posted on September 30, 2001 12:06:31 PM new
i always wonder how ebay allows paypal to come in every day and insert their logo on seller item page??
not only that,after auction ended,paypal will send notices to high bidder?
this sometimes causes confusion as a high bidder who used billpoint in buy it now gets multiple emails including one from paypal when he has already paid via billpoint?i have one customer who paid twice,once via billpoint when she does buy it now and then the next day,paypal email asking her to troop up to paypal and pay again?
there are too many ebay sellers with a broad diversified range of goods ,some sellers have good reasons not to accept billpoint or paypal or any cc-for example ebay motors transaction ,rare antqiues running $1000 to 100,000,these sellers want bank transfer or cashier checks.
up to speed on day-to-day problems...