Subject:
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Re: eBay buys PayPal
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Newsgroups:
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lugnet.market.services
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Date:
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Tue, 9 Jul 2002 01:44:35 GMT
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Viewed:
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2506 times
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Oh boy.
I work for one of the banks that did the IPO. I'm not supposed to voice my
true feelings about this whole thing.
The numbers though: eBay just paid 24 times sales for a money-losing company.
In other news, Warren Buffett got his first piece of the Internet when he
bought into a money-losing fiber optic network. Anyone want to handicap the
odds that one deal was smarter than the other?
-Erik
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Message is in Reply To:
 | | eBay buys PayPal
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| Perhaps it was inevitable but hopefully it won't have nasty implications for payments made outside of eBay. ugh, John #388 (URL) is to buy Paypal, for $1.5bn in stock. That's sorted then, or it will be when the deal closes at the end of the year. (...) (22 years ago, 8-Jul-02, to lugnet.market.services, lugnet.general)
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