PayPal In Trouble
from the where's-that-IPO? dept
I’ve spoken before about why I always thought PayPal’s IPO filing was really a ploy to get someone to buy them, but here’s another article pointing out why PayPal’s prospects aren’t so hot. They rely so much on eBay for revenue – and eBay hates them. eBay has their own, competing payment service, and are doing everything they can to push PayPal out. At the same time, banks such as Citibank are muscling their way into the picture as well. If one of these players doesn’t come in to buy PayPal, they might be in trouble.