E-Commerce Times Talkback
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Going public has paid off for PayPal. The online payment firm reported a profit in its
debut quarter as a publicly traded company on revenue that more than tripled from the
year-ago period. The company earned $1.2 million, compared with a $29 million loss in the
first quarter of 2001, beating expectations. "Rather than blowing money on naming sports
stadiums or buying Super Bowl ads, management has allocated resources wisely,"
Morningstar.com analyst George Nichols told the E-Commerce Times.
I would like to report that whenever you reporter guys report about companies, before presenting a rosy picture, why don't you guys investigate? There are a lot of class-action suits pending against Paypal.
They are known to block customer accounts and subject customers to great pains with no given clear reason. By giving such rosy pictures of companies you only endanger monies of gullible investors.
Paypal is being investigated in four states. Read more about this company which is smart at hiding its wrongs on this sites, which have too not been spared by paypal for using the "paypal" name in their domains: