posted on February 11, 2002 12:40:45 PM new
PayPal also revealed Monday that Louisiana has asked it to stop transmitting money in that state without a license. The company said it will comply with any order received from Louisiana authorities, but would reserve "the right to contest the order through the appropriate administrative process."
posted on February 12, 2002 03:40:39 AM new
Well they are banned until they get a license. Once they are more regulated then they won't be able to restrict accounts like they do now and just ignore customers.
posted on February 12, 2002 07:41:50 AM new
Well its not banned or restricted yet. Hope you realize licensure in Louisiana does not mean regulation or even improved service.
Also, "PayPal said that it has already addressed the states' concerns." according to the most recent articles.....
posted on February 12, 2002 10:10:39 AM new
No....that's what the IPO money if for......to pay for the fines, congressmen, and lawyers.......Guess what you call a Paypal Shareholder??????
posted on February 12, 2002 01:13:54 PM new
The only way to make money is to short the stock if they ever go public. You should be able to make a lot of money as they fall.
posted on February 14, 2002 05:48:00 PM new
Surprised no one updated the story.
Louisiana ordered PayPal to stop providing its service there in a Feb. 7 letter, but the company earlier this week persuaded regulators to delay the proposed order on an interim basis, according to the SEC filing.
