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 an em-dash on an iPhone
Typography and punctuation geeks rejoice! It's easy to type an em-dash on the iPhone's or iPod touch's virtual keyboard. To do so, tap the .?123 key to switch to the numeric keypad. Then touch and hold on the Hyphen key to reveal a pop-up strip showing an em-dash. Slide to the em-dash and release your finger.
Note that this basic trick works with many other keys on the virtual keyboard.
- Worthy Web Sites: PayPal (08 Jan 01)