Party like it's 1999? Internet firms.(PayPal's successful share offering shows that investors can now tell good dotcoms from bad)(Industry Overview)(Statistical Data Included)
Economist (US), The, February, 2002
A successful share offering by PayPal, an Internet firm, does not signal a new dotcom boom. But it does show that investors can now tell good dotcoms from bad
FOR a moment, it felt like the good old days of the new economy. When PayPal, an online payment start-up based in Silicon Valley, went public on February 15th, its shares surged by as much as 54%--even though the firm had lost $18.5m on sales of $40.4m in the quarter ending in December. PayPal had postponed its initial public offering (IPO) earlier this month after a company called CertCo filed a lawsuit accusing it of patent infringement. Surging share prices, non-existent profits and legal wrangles--it was as if the dotcom crash had never happened.
Yet anyone now hoping for a revival of the...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- LIFO vs. FIFO: a return to the basics


