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]
Using Expose within Spaces
To drag a file into an application that's running in another one of your Spaces, use Expose while in Spaces overview mode. First, press F8 to go into Spaces overview mode, then press F9 to Expose all application windows. Hover over the application window you want and wait a moment or press the Space bar, and both that space and that application come to the foreground, ready for you to drop the file.
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- Worthy Web Sites: PayPal (08 Jan 01)