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Old 07-09-2002, 06:12 PM
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Default ebay is buying paypal

Posted By: Brian Weisner

Hi Scott,

While I am no fan of Paypal, they do control a large portion of the fastpay internet buisness. Ebay tried to shutout paypal and force users to use there service, but that hasn't worked very well.
I wouldn't worry about the stock going down at this point, because wall street isn't happy with tech companies in general. Ebay's purchase was a longterm decision which will probably pay huge dividinds in the future, as they will control the flow of dollars on the net. Anyone trying to compete in the auction buisness will be at a very distinct disadvantage.
Hopefully Ebay management will improve the poor treatment of sellers by Paypal.
be well brian

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