mballai
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posted on April 17, 2001 05:41:52 AM new
How much is that PayPal in the window? Mentioned in this week's column in eWeek
http://www.zdnet.com/eweek/filters/katt/
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yisgood
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posted on April 17, 2001 09:42:35 AM new
Doesn't sound right. PP just got 90 million in funding. But this "article" claims the asking price is 5 million. That's less than a buck a user. PP paid more than that to sign them on.
http://www.ygoodman.com
[email protected]
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uaru
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posted on April 17, 2001 10:40:41 AM new
4 sale rumor
I saw the original article, I believe the asking price in the Red Herring article was $500,000,000.00.
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yisgood
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posted on April 17, 2001 11:19:29 AM new
500 million? Considering that there are 7 million PP accounts and as per Damon's posts, "only 4%" are unhappy, that makes less than 5 million satisfied users. Are they worth $100 each? I guess if fees go up to about 20% and users actually pay it. I wonder what happens if you pay with paypal and after you own the company, you charge it back. Then you take it out of paypal's bank account and restrict the whole company.
http://www.ygoodman.com
[email protected]
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uaru
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posted on April 17, 2001 11:39:17 AM new
Considering that there are 7 million PP accounts and as per Damon's posts, "only 4%" are unhappy, that makes less than 5 million satisfied users.
Your math sucks, it looks like what my wife presents me when she's trying to prove a bargain. 
[ edited by uaru on Apr 17, 2001 11:40 AM ]
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yisgood
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posted on April 17, 2001 12:14:50 PM new
I forgot to mention the number of fraudsters who opened multiple accounts in order to scam. Remember that Romanian George had at least 45 all by himself. Then there are the folks who closed their accounts, stopped using it or had it restricted. Then there are the folks who only use the free services. Okay, just *maybe* Paypal has 5 million paying customers, but I doubt it. So at a half billion dollars, a buyer will be paying over $100 per account. Maybe there's a bridge in Brooklyn they can throw in to sweeten the deal.
http://www.ygoodman.com
[email protected]
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reamond
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posted on April 17, 2001 12:55:56 PM new
Actually $100 per customer is not too expensive. The last I heard it averaged $350 per account to market and obtain a credit card user.
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yisgood
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posted on April 17, 2001 01:07:13 PM new
>>Actually $100 per customer is not too expensive. The last I heard it averaged $350 per account to market and obtain a credit card user.<<
Probably pre-Internet. All it takes today to sign up a million folks is a $5 payment and a $5 referral fee. And that works even if you're a lousy service like EP or a fraudulent service like PA. And even if you make the terms so difficult that only one out of 100 referrals qualifies like PP. And if folks aren't signing up fast enough, just use the magic word FREE.
http://www.ygoodman.com
[email protected]
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paypaldamon
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posted on April 17, 2001 01:52:20 PM new
Hi,
If you're commenting on the Red Herring article (looks like EWeek's "Rumor Central" tried to -- but got some numbers wrong in the translation), you'd probably want to know that the Red Herring had to run a correction and re-write the article because it was wrong.
PayPal is not up for sale.
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tomwiii
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posted on April 17, 2001 02:01:08 PM new
And now...for some LIGHT ENTERTAINMENT...read this HILARIOUS THREAD...
http://www.auctionwatch.com/mesg/read.html?num=15&thread=48861
Kind of gives a new meaning to the word...
CHUTZPAH 
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reamond
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posted on April 17, 2001 04:23:22 PM new
well damon, paypal, like anything else is for sale- it just depends on the terms.
I think what you may mean is that paypal is not soliciting buyers.
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ecom
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posted on April 17, 2001 05:14:30 PM new
Darn! I was hoping that they would get some adult leadership.
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dealmeinscotty
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posted on April 18, 2001 12:09:39 AM new
tomwiii- I went to the thread, http://www.auctionwatch.com/mesg/read.html?num=15&thread=48861
and yes, my jaw dropped! I do not know if I should have, but I started a new thread. I am just hoping AW does something about this, as I think it is downright scandalous. They could have at least informed us of our loss, concerning the use of their email system. Matter of factly, that would have been the LEGAL alternative.
Thanks for the input!
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