From Wired News: http://www.wired.com/news/ebiz/0,1272,50220,FF.html

I'd say their running out of $$$, so take caution.

I knew they were losing money, but I never imagined $139 MILLION. 5.4 million shares at $14 is only about half of their loss.

I think I would stop after the first million or so...but, it's not my money.

Troy

I put in for the IPO on etrade and FBR...may get 150-300 shares. I'm hoping for a little first day pop so I can flip it. TheStreet.com says that it may open 7 or 8 points up from its IPO price.

Originally posted by WebmastTroy
I knew they were losing money, but I never imagined $139 MILLION. 5.4 million shares at $14 is only about half of their loss.

I think I would stop after the first million or so...but, it's not my money.

Troy

It seems that these days, you gotta lose money to make money. :confused:

Originally posted by greggish
It seems that these days, you gotta lose money to make money. :confused:

Heh, except it seems these days more companies seem to lose money.... then just keep on losing it.

I think I'll stick to profitability from the get go - seems to have worked for Pair :)

Greg Moore

Personally I think that Paypal has far more chance of suceeding than any of the dotcoms ever had. Paypal is providing a real service, unlike all the companies which were simply selling, online, products which were readily available offline; and there is a considerable barrier (fraud) to other companies entering the same market.

That said, because of said barrier, I wouldn't be surprised if government(s) stepped in to regulate Paypal's operation, in much the same manner that banks are regulated. An efficient payment system is crucial to the efficient operation of the economy as a whole, and I think that as more and more people and companies start using Paypal, governments will start to realize that their national economies are becoming dependant upon the existance of such a payment system. (Consider what would happen if all the credit card companies suddenly shut down: The economy would undergo incredible turmoil, simply because people wouldn't be able to make purchases with the ease with which they once did.)

While I'm writing about Paypal, here's a suggestion for Damon (since I'm sure he's lurking about here somewhere): Micropayments, funded exclusively from account balances. The processing fees make it impractical for companies to accept payments below about $5; but payments of much smaller scale could be practical if they were aggregated into a single credit card charge. (Of course there would be issues with credit card companies over such a mechanism, since they differentiate strictly between purchases and cash advances... but I'm sure your lawyers could work something out.)

Originally posted by akashik
I think I'll stick to profitability from the get go - seems to have worked for Pair :)

Personally I think pair's success has been as much due to technical competance as sound business management. Every time I hear about a kernel security bug, a glance at their website reveals that "all user servers were rebooted to apply a security patch" -- often within a few hours.

Given the number of hosts who are running old, insecure, versions of operating systems (not to mention the hosts who *don't know how* to update their systems), I must say that pair's rapid response to security issues is, well, refreshing.

Just got an email from my broker...PayPal IPO has been delayed. I'm very surprised that they weren't able to get this one out the door.

Originally posted by greggish
Just got an email from my broker...PayPal IPO has been delayed. I'm very surprised that they weren't able to get this one out the door.

Yeah, I thought this was basically a sure thing. Any ideas what came up?

Originally posted by Timothy


Yeah, I thought this was basically a sure thing. Any ideas what came up?

PayPal delays IPO (http://news.com.com/2100-1017-830235.html)

...but this sounds more like a convenient excuse for a deal gone south. I will probably be withdrawing my conditional offers. But that probably won't even be necessary...I have a feeling this one is getting cancelled completely.