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SUNDAY, NOVEMBER 8, 2009
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NEWS ABOUT: PayPal

PayPal stories: 14 news summaries
ONLINE GAMING

 Facebook Sees Big 
 Bucks in Virtual Goods 

Social networking site wants a cut of gaming transactions

Oct 23, 09 12:56 PM CDT
(Newser) - Gaming is blowing up on Facebook, and the social networking site hopes to take a cut of the very real revenue generated by virtual interactions. Analysts think credits and other services bought to enhance the likes of “Farmville” and “Mafia Wars” will be trading at a clip of... More »

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social networking • Internet • Web 2.0 • Facebook • PayPal • online gaming • virtual goods • microtransaction • Mafia Wars • Farmville

(Newser) - Online pay service PayPal was down for about five hours today, the Wall Street Journal reports, potentially derailing millions of transactions. A rep for parent eBay attributed the outage to an “internal network hardware issue,” and couldn’t say how many customers were affected; PayPal has previously said... More »

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Internet • network • PayPal • Internet sales • transactions

Private Firms Hope to Haul NASA's Space Cargo

And US agency wants their help

Sep 25, 08 1:10 PM CDT
(Newser) - Hauling crew and equipment between earth and the international space station is expensive work, and NASA is looking to private entrepreneurs to pick up some of the slack, the Washington Post reports. Among the front-runners is Elon Musk, a founder of Paypal, who has seen his three prototype shuttles crash... More »

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Russia • NASA • entrepreneurs • space exploration • space tourism • International Space Station • PayPal

EARNINGS REPORT

eBay Profits Jump 22% Under New CEO

Site raises projected revenue to $9B, exceeds estimates

Apr 16, 08 6:50 PM CDT
(Newser) - EBay's revenue soared 24% in the first quarter, the Wall Street Journal reports, with profits up 22%. Fueled by continued success with its online auction business and PayPal, its online-payment component, the company also raised its projected 2008 earnings to $8.7 billion to $9 billion, well beyond Wall Street... More »

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eBay • online advertising • online retailers • online auction • ad revenue • PayPal • net revenue • profit growth • John Donahoe • quarterly profits • first quarter earnings

Web 2.0 Firms Taking
Slower Route to IPOs

The new business model calls for a 'slow and easy' approach to going public

Mar 6, 08 1:19 PM CST
(Newser) - Growing Web 2.0 companies like LinkedIn, Facebook, and Slide are biding their time before going public, making sure to run up their value as much as possible to fetch top dollar with an IPO, reports Business Week. It’s a far different approach than companies took before the dot-com... More »

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social networking • Google • YouTube • MySpace • Facebook • NetSuite • IPO • venture capital • LinkedIn • PayPal • VMWare • Slide • News Corp

Gay Plays
Well for Maverick VC

So says Valleywag about contrarian
PayPal founder Thiel

Dec 20, 07 12:18 PM CST
(Newser) - In Silicon Valley, where "like funds like," Valleywag thinks it's important to note that Peter Thiel, "the smartest VC in the world, is gay." Why mention it? Thiel's Founders Fund, which just raised a $220 million financing round, could reinvent the way entrepreneurs get paid, and... More »

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Facebook • investments • venture capital • PayPal • Peter Thiel

Wireless Giants Blocking New Mobile Services

Verizon, AT&T, keep competitors away

Dec 11, 07 10:54 PM CST
(Newser) - Wireless service giants AT&T and Verizon may be blocking other companies' devices and applications to defeat potential competition. Business Week reports that a discount international cell phone service, a wireless banking service, and PayPal, trying to bring its online payment service to wireless, were all obstructed by one or... More »

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cell phones • Verizon • Wachovia • AT and T • PayPal • Sprint • wireless service • Nextel • SunTrust Banks • Rebtel • short code

PayPal Swiping
Credit Card Market

Fraud-wary consumers turn to alternative payment methods

Nov 21, 07 1:05 PM CST
(Newser) - With identity theft jumping 50% since 2003, more people are turning from credit cards to Internet-based payment services like PayPal and Google Checkout for online purchases and, increasingly, everyday transactions, Business Week reports. Roughly 30% of US online shoppers used an alternative payment service last year. "Consumers are afraid... More »

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credit card • business tech • PayPal • MasterCard • online payments

Now PayPal Is Everywhere MasterCard Is

New service aims to protect financial info, simplify shopping

Nov 20, 07 10:16 AM CST
(Newser) - PayPal is offering a new way for customers to pay on sites that don't normally accept the service. PayPal Secure Card creates a new MasterCard number for every transaction and retrieves members' payment information from their PayPal accounts. "From a merchant's perspective this looks like any other MasterCard transaction,... More »

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Internet • online fraud • shopping • eBay • online retailers • Internet security • phishing • PayPal • MasterCard

 Inside the 'PayPal Mafia'

Company's first generation behind $30 billion of cutting edge companies

Nov 15, 07 4:55 AM CST
(Newser) - They may be the most brilliantly successful—or luckiest—or both—small group of entrepreneurs in history: PayPal alumni who, like founders Peter Thiel and Max Levchin, left the company to create $30 billion worth of innovation: YouTube, Facebook, Slide, Yelp, Digg, investment firms, philanthropies, solar-power companies, an electric car... More »

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YouTube • Silicon Valley • eBay • Facebook • PayPal • Peter Thiel • Max Levchin • Clarium Capital

Young Tycoons in Endless Pursuit of
Next Project

No rest for driven Silicon Valley moguls

Oct 28, 07 9:54 AM CDT
(Newser) - Rather than reveling in his $100 million fortune, mogul Max Levchin spent a year feeling "worthless and stupid" after he sold PayPal to eBay at the age of 27. Too young to retire, too restless to become a philanthropist, Max was like many young Silicon Valley tycoons dogged by... More »

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Silicon Valley • wealth • eBay • tech companies • millionaires • PayPal

eBay Posts Big Growth but Net Loss Thanks to Skype

Skype write-down takes byte out of auction company

Oct 18, 07 5:45 AM CDT
(Newser) - EBay reported strong growth in some sectors despite posting a $936 million net loss for the third quarter, reports the Wall Street Journal. Most of the loss is due to the company writing down internet calling company Skype by $1.39 billion after eBay found it difficult to make money... More »

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eBay • earnings reports • Skype • third quarter earnings • PayPal • StubHub

  eBay's $1.4 Billion Phone Bill

Takes huge write down on overpriced Skype

Oct 2, 07 12:04 AM CDT
(Newser) - eBay's $2.6 billion acquisition of phone service Skype looks like a wrong number, with profits on hold indefinitely. The Wall Street Journal reports eBay will take a $1.4 billion write down on Skype, which  accounts for $90 million of eBay's $1.83 billion in revenue in the third... More »

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social networking • eBay • Vonage • Skype • digital video • Niklas Zennstrom • Michael van Swaaij • write down • revenue • online music • Meg Whitman • PayPal • Joost

eBay Shuts Window on Google Ads

Auction site drops search giant's marketing tools after weeklong spat

Jun 18, 07 4:29 AM CDT
(Newser) - Online auction powerhouse eBay broke a multi-million-dollar "keyword" advertising deal with Google, ostensibly after the search engine threw a party in Boston that crowded an eBay conference. But the boycott on search-driven spots also comes as Google's online payment feature Checkout elbows in on eBay-owned PayPal's territory. More »

MORE ABOUT:
Google • Internet • Larry Page • Sergey Brin • advertising • eBay • online advertising • traffic • keywords • online auction • Google Checkout • auction • PayPal

14 Stories


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