PayPal IPO Bucks Trends -- Internet stocks may never return the high-flying days of a few years ago, but Internet transaction service PayPal bucked recent trends with its initial public stock offering last week. The stock opened at $13 and closed its first day of trading on the NASDAQ above $20, a 55 percent gain that left the company valued at over $1 billion. Despite that vote of confidence, PayPal is facing a patent infringement lawsuit and regulatory investigations from a number of states concerned that PayPal may be running afoul of banking regulations. PayPal also is by no means profitable, with a $107.8 million loss in 2001 on revenues of $104.8 million. Still, with 12.8 million customers and new ones arriving at a rate of over 18,000 per day, PayPal remains the leader in online transaction services - see "Worthy Web Sites: PayPal" in TidBITS-562). [ACE]
Option-click to Hide Apps Quickly
This trick has been available in the Mac OS for years, but many people still don't know it. If you have too many windows cluttering up your screen, you can hide specific ones easily as you work. When you're in any application, hold down the Option key and click on another app's window, on the Dock, or in the Finder to switch to that other app and simultaneously hide all the windows in the previously current app.
- Worthy Web Sites: PayPal (08 Jan 01)