posted on September 28, 2001 08:38:02 PM new
Anyone can read the filing right now.
Go to www.edgar-online.com and register as a Vistor. Use the quick search and type PayPal. Go to the document dated today. It will tell you don't have premium access to read that, but offer you 2 free weeks of premium access. Voila!
The document takes a while to load (I thought my computer had frozen).
posted on September 28, 2001 10:26:35 PM new
number of customers 6/30/00: 2.2 million
number of customer service reps: 296
number of customers 6/30/01: 8.8 million
number of customer service reps: 324
they called this "improved efficiency". + it sez a hundred of those reps are in india, who respond to the bulk of their initial email inquiries. sigh no wonder!!
posted on September 29, 2001 07:31:21 AM new
From the New York Times 9/29/01:
"PayPal typically charges transaction fees ranging from 2.2 percent to 2.9 percent of the sale, plus 30 cents. That hasn't been enough to make PayPal profitable. The company has lost $231 million since its inception and management warned in the prospectus that the red ink is expected to continue at least through the rest of this year."
posted on September 29, 2001 09:33:50 PM new
loggia,
I would really like to read the registration statement at www.edgar-online.com, but didn't understand how to register as a visitor. (I did register-probably will get a bill) Do you by chance have a link? Thanks if you do.
pyth00n,
Thank you for posting the instructions--worked great and I am reading it now. Check out the Full Recourse Promissory Note dated September 10, 2001 by borrower Peter Thiel for $1,350,000.00 and the Settlement Agreement and Release of Claims by H. DAVID JOHNSON, Chief Financial Officer dated August 29, 2001. These documents can be found toward the end.
I had to post under the edit button as I could not reply to your post. I am not sure why I was unable to make a reply so I hope you see my thanks for helping .
posted on September 30, 2001 09:12:57 AM new
Go to Free Edgar
http://www.freeedgar.com/
Search filings (left column), enter "Paypal" in the company space
Then click view filings for Pay Pal Inc
Then click S-1
Then "body" over in the left column to see the meat of it
You might need to select a different font size to make it fit on your screen better
"We have achieved our rapid growth through a combination of the "push" nature of email payments to non-registered
recipients and the "pull" nature of Web Accept. During the three months ended June 30, 2001, our account base grew by an
average of 18,000 per day, with virtually no traditional sales or marketing."
"During the four months between July and October 2000, we experienced a significant fraud episode and, as a result, we incurred gross losses due to unauthorized charge-backs totaling $5.7 million."
Edited to add: Oh oh. Deleted run-on URL info. Messed up entire page's format
[ edited by pyth00n on Sep 30, 2001 09:17 AM ]
[ edited by pyth00n on Sep 30, 2001 09:35 AM ]
[ edited by pyth00n on Sep 30, 2001 10:53 AM ]
