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]
Keyboard-based Dock Navigation
If you're a fan of keyboard shortcuts and navigation, you may want try accessing the Dock from your keyboard. Press Control-F3 to enter the Dock's keyboard access mode. Then you can press a letter corresponding with an item's name to select it; press Return to open it, Command-Q to quit the selected application, or Escape to exit keyboard access mode. You can also use the arrow keys, Tab key, and other keyboard navigation keys to toggle between the Dock items.
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- Worthy Web Sites: PayPal (08 Jan 01)