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]
Type Faster by Competing in Races
A fun way to improve your typing speed and accuracy is to join an online typing competition at typrX. This typing competition keeps track of your typing speed, while allowing you to compete against other people, either around the world in public races or with friends in private races. To set up a private race with your friends, follow these simple steps.
- Once you have a typrX account, click the Create Private Race button on the front page and you’ll be taken to the private race page.
- From there, copy the track code URL and send it to the friends you want to join the race.
- You can click the Delay Countdown button to add 10 seconds to the clock if you are waiting on your friend to join the race.
- Worthy Web Sites: PayPal (08 Jan 01)