posted on October 30, 2000 04:21:37 AM new
"Palo Alto-based PayPal, which morphed from an obscure computer security company a year ago, believes it is on the threshold of becoming an e-commerce staple, but like most dot-coms, it remains unprofitable. And formidable challenges loom, including trying to charge for what had until recently been free."
...
Before PayPal tries to replace the dollar bill, the company has to figure out how to turn a profit while also finding a new executive team to help manage breakneck growth. Its payroll swelled from 24 workers last October to 500 this year.
