$1,500,000,000 for PayPal

Just read that Ebay is buying PayPal for $1.5 Billion.

I guess the philosophy is: "If you can't beat'em, then buy'em!"

PayPal has been a thorn in Ebay's side for a long time. It will be interesting to see how long Ebay runs with PayPal before they raise fees up to the level of Ebay Payments, or maybe even combines the two services.

I wonder if the guy/gal who started PayPal envisioned an exit strategy of selling a simple idea for $1.5 Billion?

Makes you want to put your thinking cap on, doesn't it...

JDB


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