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Ebay buys Paypal
July 17th 2002, 22:41 CEST by BabiG

Ebay has bought Paypal for a large sum of money, but apparently no one on this website seemed to notice.

It's surprising to some people, because a) who knew paypal was worth 1.5 billion dollars b) Ebay spent a lot of time and money coming up with Billpay, a direct competitor and c) some people didn't even know they were seperate companies.

Recently Warren Marshall has expressed how much "Ebay rocks" and many times in the past morn has expressed how much "Paypal sucks", with most people agreeing to some degree (as close as you can get at PC) with both.

So which way is the company going to go? Will ebay patch up paypal, paypal sink ebay, or are the US mail rate hikes going to hurt them more then anything else?
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#1 by Matthew Gallant
2002-07-17 22:43:52
http://www.truemeaningoflife.com
Put m0nty's up too, please!

Current market value of the Max Payne IP according to a comparison of the market capitalization of Take Two pre- and post- sale: approx. -$254,000,000.
#2 by m0nky
2002-07-17 22:47:12
m0nkycrap@hotmail.com
-Put m0nty's up too, please!

only if he comes up with some more good anti-american diatribes.
#3 by Charles
2002-07-17 22:52:13
www.bluh.org
I think we should talk about how MS almost bought sega.

http://www.redherring.com/insider/2002/0716/sega071602.html

That would have been an amazing victory for Microsoft.  I can only hope that some day they succeed at it.

...is the new SHUT UP SHUT UP SHUT UP.
#4 by Charles
2002-07-17 22:52:35
www.bluh.org
Linkified version

...is the new SHUT UP SHUT UP SHUT UP.
#5 by Greg
2002-07-17 22:54:33
Microsoft has tried to buy every video game company out there, including Ion Storm.

Who is driving car?! Oh my god, bear is driving car! How can that be?
#6 by Ashiran
2002-07-17 22:57:51
Ebay has bought Paypal for a large sum of money, but apparently no one on this website seemed to notice.

I noticed and I didn't care. I don't know how "evil" or "good" Ebay is considered to be but I don't think they can make PayPal any worse then it is now.

So I think it can only go up from here. A better discussion would be where PayPal spends all their revenues on. Cause they are making a fortune even without the stealing from people.

Is there PayPal stock? I want to buy it.

"Good writers are harder to find than nice breasts" - morn
#7 by jafd
2002-07-17 23:01:54
There is PayPal stock. It went up when the sale was announced.

Ebay stock went down.

#8 by Charles
2002-07-17 23:02:33
www.bluh.org
Yeah Greg, but Sega would have been a major victory for MS.  Sega is already pretty buddied up with MS, and they have been for a while.  It'd be almost natural at this point.

Still.  We can dream.

...is the new SHUT UP SHUT UP SHUT UP.
#9 by jafd
2002-07-17 23:04:10
What does this have to do with Deus Ex?

#10 by LoneStar
2002-07-17 23:05:21
cwcraig64@hotmail.com
A ton of folks use Paypal on Ebay so it only logical that Ebay would want a piece of that pie. Could Ebay be the M$ of online auctions now?

Opinions are like assholes, everybody has one
#11 by Greg
2002-07-17 23:06:45
Sega would have been a big coup. Squaresoft would have been an even bigger coup, mainly because of the big "FUCK YOU" that would have been thrown in Sony's direction.

Sega is making some exclusive games for Xbox, but they are making just as many for the GameCube. Giving them a nice chunk of change would certainly make things interesting. It could have possibly spawned an Xbox Dreamcast emulator.

Who is driving car?! Oh my god, bear is driving car! How can that be?
#12 by Charles
2002-07-17 23:09:29
www.bluh.org
Oh man, that would have been awesome.  As it is, Sega is playing all sides quite nicely... unfortunately for gamers who are sega fans and end up having to buy all the systems.

...is the new SHUT UP SHUT UP SHUT UP.
#13 by Caryn
2002-07-17 23:11:02
carynlaw@pacbell.net http://www.hellchick.net
A ton of folks use Paypal on Ebay so it only logical that Ebay would want a piece of that pie. Could Ebay be the M$ of online auctions now?


I use eBay a lot (to buy fleeces and shearings from small farms that choose to sell wool, etc. online through eBay) and I'll only put in a bid if I can pay through PayPal. I've never had a problem with PayPal and they have this option that let's you basically pay all in one click once you've won or bought something from eBay. Makes sense for them to do this.

But I wonder: there are other auction places, albeit not as popular as eBay, and I'm sure you can pay via PayPal for those. I wonder if they'll restrict that?

"I can't drink POSSIBLE beers! I need ACTUAL beers! Damn you quantum physics!"
#14 by Greg
2002-07-17 23:18:23
Nova, Sega would definately be a better acquisition than say, Capcom. Capcom first strategy when entering a new market is to throw glorified rehashes of old games onto the new systems. Occasionally you'll get a new game. Contrast that to Sega, who appreciates the power of a new console, and actually spends time creating new content for it.

Who is driving car?! Oh my god, bear is driving car! How can that be?
#15 by Your Friend
2002-07-17 23:19:38
I thought there couldn't be a topic posted here that I cared less about than Macs vs PCs, but it turns out I was wrong.
#16 by Charles
2002-07-17 23:23:08
www.bluh.org
Yeah, I've never really been a capcom fan.  Although you have to give them props for Steel Battalion.  Definitely an original game, and definitely created with the target console in mind.

Still, sega has always been my number one source for original innovated console games.  Really, I think that it's an awesome thing that sega is developing for all consoles overall.  If nothing else, it will keep the dust off of all my machines.  I haven't broken down and purchased a gamecube yet, but I know that's coming soon.  I'm hoping there is another price drop before zelda, which is my gamecube purchase date.  As it is right now I can't really justify buying a gamecube just for monkeyball.

...is the new SHUT UP SHUT UP SHUT UP.
#17 by bago
2002-07-17 23:30:21
manga_Rando@hotmail.com
Internet commerce just got easier. score.

iamelectro
#18 by hangedmanAG
2002-07-17 23:32:06
www.livejournal.com/users/hangedman_ag/
What Sega has over Square and Capcom is a great group of sports titles.  I really think they can usurp EA's dominance of sports in the next few years.

there is no emoticon for my spite
#19 by Greg
2002-07-17 23:41:43
I'm saddened that EA has this sports "dominance." Do their games get any better year after year?

Zelda will probably be a GC system seller for me, too. I hated the video footage that was shown at GDC (I think it was GDC), but the in-game footage from E3 looked very good, and has given me hope that the game will actually be good.

Who is driving car?! Oh my god, bear is driving car! How can that be?
#20 by Ergo
2002-07-17 23:42:20
Ok, Caryn, I'll bite--

What the hell are you doing with sheep fleeces and shearings?

"Brian, there's a message in my Alpha Bits! It says 'OOOOOOO'!"
"Peter, those are Cheerios."
-The Family Guy
#21 by Matthew Gallant
2002-07-17 23:43:39
http://www.truemeaningoflife.com
What the hell are you doing with sheep fleeces and shearings?


She works for a publisher! Developers and consumers have eyes! Add it up!

Joke Disclaimer: That was a joke, Caryn.

Current market value of the Max Payne IP according to a comparison of the market capitalization of Take Two pre- and post- sale: approx. -$254,000,000.
#22 by Charles
2002-07-17 23:49:21
www.bluh.org
A lot of the people I know who are heavy in to sports games have mostly moved over to sega sports now.  They got tired of the EA games.

Didn't sega score the ESPN license or something?

...is the new SHUT UP SHUT UP SHUT UP.
#23 by Caryn
2002-07-17 23:50:04
carynlaw@pacbell.net http://www.hellchick.net
Ergo:

What the hell are you doing with sheep fleeces and shearings?


One of my hobbies is spinning my own yarn -- I get the wool from someone who raises sheep or alpaca or whatever, and then I spin yarn from it (then I knit the yarn into something -- I'm finishing a scarf for my dad's girlfriend as a Christmas present made out of alpaca yarn that I spun myself). There was sort of relevance in why I mentioned that but I didn't go into it -- eBay is great for this kind of stuff because people who own a few sheep or a few alpacas can sell this stuff easily over eBay as a small business. It's easy to find (eBay categories>Hobbies>Spinning), and they can sell it directly to me, which means that I get it for a lot less than if I were to buy it from a distributor. And I benefit the little business guy by buying it directly from them. They don't have to set up an entire web site, they can just set up their own little area in eBay for a lot less money.

I bet no one cared about any of that, sorry. :P

Matt. G:

Yeah, I think I'm slowly getting it... ;)

"I can't drink POSSIBLE beers! I need ACTUAL beers! Damn you quantum physics!"
#24 by Greg
2002-07-17 23:51:26
Nova,

I'm not sure if Sega scored the ESPN license, I only know that Konami fucked up so much that they lost it.

Who is driving car?! Oh my god, bear is driving car! How can that be?
#25 by Charles
2002-07-17 23:53:02
www.bluh.org
Yeah, I knew that much.

I know Sega got something... I saw it on TV.  Or on gamespot.  Or on gamespot TV.  Something about their sports games 'even having the same on screen display as the games on TV'.

Then again, maybe it wasn't sega.

...is the new SHUT UP SHUT UP SHUT UP.
#26 by chris
2002-07-17 23:55:21
cwb@shaithis.com http://www.cerebraldebris.com
Sega's sports games on the dreamcast were really good. Their commentary system is MUCH better than any of the competition... you have to play for a good long while to start getting familiar with all of the comments. Even after a year and a half of owning it, NFL2K1 still brings up commentary constantly that I've not heard before.

-chris
#27 by hangedmanAG
2002-07-18 00:00:04
www.livejournal.com/users/hangedman_ag/
Sega rocks in pretty much every sport except baseball.  I would love to see them buy up High Heat's code/AI from 3do and put a pretty coat of graphics and sounds.

there is no emoticon for my spite
#28 by "Some dude"
2002-07-18 00:00:37
somedude@somedude.dude
Just wanted to say thats a cool radio i like most game songs. Try to have some more original songs. What i mean is something you got remixes and stuff. I would like to hear more Zelda original songs. And try to get them also from games newage. Streetfighter EX Alpha 3 have good stage tunes and also Super Double Dragon on the snes. Only suggestion people

C ya
#29 by Ergo
2002-07-18 00:03:39
Caryn--

Whew! I feel better. For a split second there I thought you might have some bizarre wool fetish...

;)

"Brian, there's a message in my Alpha Bits! It says 'OOOOOOO'!"
"Peter, those are Cheerios."
-The Family Guy
#30 by Caryn
2002-07-18 00:04:41
carynlaw@pacbell.net http://www.hellchick.net
Ergo:

Oh, no no no...I don't at all. I mean, where would you get that idea? Have you been talking to someone? Because that sheep herder LIED, whatever he said to you it was a LIE...

"I can't drink POSSIBLE beers! I need ACTUAL beers! Damn you quantum physics!"
#31 by Ergo
2002-07-18 00:06:03
Yeah, he's the same herder that sells me....

D'OH!

"Brian, there's a message in my Alpha Bits! It says 'OOOOOOO'!"
"Peter, those are Cheerios."
-The Family Guy
#32 by Greg
2002-07-18 00:11:00
Speaking of Sega sports, I snagged a copy of NHL 2k2 from Best Buy a couple weeks ago since they have all DC games half off now. Their selection sucks, but luckily they still had a copy or two left. Though, I have yet to open it...

Who is driving car?! Oh my god, bear is driving car! How can that be?
#33 by jjohnsen
2002-07-18 00:14:34
http://www.johnsenclan.com
I like paypal because I can sell my newish games on eBay for $10-12 less than I paid.  Then I use my paypal debit card to go to babbages and by new games, using the fund from my old-game sells.

The incredible insights you've given on many topics have brightened all of our lives and touched us in ways we can never fully describe.
#34 by chris
2002-07-18 00:18:34
cwb@shaithis.com http://www.cerebraldebris.com
I'd like Ebay better if it wasn't an auction, and was just a discount store for used shit instead. I find it highly annoying having to pay attention to whether I'm "winning" the race to pay more money for something than I want to.

-chris
#35 by Matthew Gallant
2002-07-18 00:20:17
http://www.truemeaningoflife.com
eBay forces you to pay more money than you want to? When did this policy get put in?

Current market value of the Max Payne IP according to a comparison of the market capitalization of Take Two pre- and post- sale: approx. -$254,000,000.
#36 by LPMiller
2002-07-18 00:25:37
lpmiller@gotapex.com http://www.gotapex.com
do you prefer virgin wool, or slut wool?

I believe I can fly......urk.
#37 by Caryn
2002-07-18 00:26:36
carynlaw@pacbell.net http://www.hellchick.net
chris:

I'd like Ebay better if it wasn't an auction, and was just a discount store for used shit instead.


A seller has the option of using the "Buy it Now" feature, which allows you to just get the item right away. But yeah, the whole auction feature is a pain. I don't think I've ever actually gone through an auction -- everything I've bought I've either gotten with the "Buy It Now" feature or I've been the only bidder so I got it at the opening price a few days later.

"I can't drink POSSIBLE beers! I need ACTUAL beers! Damn you quantum physics!"
#38 by chris
2002-07-18 00:33:17
cwb@shaithis.com http://www.cerebraldebris.com
Matthew -

No, nothing forcing you to do it, and I never have (I have bid on exactly two ebay auctions in my life, won one, and went over what I was willing to pay in about 15 seconds on the other). But a lot of people get "auction fever" and start bidding like nuts... sometimes even above the retail price of an object, thus totally defeating the point of an auction.

So the "I" in my anecdote was really more cynicism than personal experience.

Now, don't get me wrong: I have no problem with Ebay and Ebay's users making money off of that (rather stupid) phenomenon. I just think it's sort of funny how frequently it happens.


Caryn -

See, but the "buy it now!" button defeats the purpose of trying to get the lowest price by bidding!

OH, THE DOUBLE EDGED SWORD!

-chris
#39 by Hugin
2002-07-18 00:35:57
lmccain@nber.org
You can have an Ebay buying service monitor and manage auctions for you.  Just specify the item you're bidding on, give them a maximum number you're willing to pay, and then go fishing.  Maybe you get it, maybe you don't, but you don't have to think about it or micromanage it.  Or you can just buy it outright, as Caryn said.
#40 by Bailey
2002-07-18 00:38:40
Nova

How about Monkeyball 2?

LPMiller

All those sheep are dirty sluts, every last one of them... just begging for it, the way they keep getting their heads caught in the fence.

BileŽ. Makes a body bitter.
#41 by LPMiller
2002-07-18 00:43:01
lpmiller@gotapex.com http://www.gotapex.com
More than I ever want to know about you, Bailey.

I believe I can fly......urk.
#42 by Caryn
2002-07-18 00:43:06
carynlaw@pacbell.net http://www.hellchick.net
chris:

Yeah, you don't pay the lowest price, but you get the item for potentially less than it would have gone for if the auction continued. :) For the stuff I buy regularly, the seller always seems to put the Buy It Now price of the item about a dollar more than the opening bid. If it's something I think others might bid on, I spend the extra dollar if I think it's worth it. And for other items, I simply put in what I think would be the most I'd pay and, like Hugin said, I go away and forget about it. A few days later I'm pleasantly surprised to learn via email that I was the only one who bid so I got it at the opening price -- I didn't have to pay what I'd put in for a max bid (or alternately, I won the bid and didn't pay more than I planned because I put in a max bid and walked away). This strategy works for me because even having done all of that, I STILL pay less for the stuff I'm buying than I would if I ordered it from a distributor, so it all works out.

But yeah, auction fever for some is pretty bad. I know quite a few people who've paid WAY too much for something because they couldn't stand to lose the item to someone else.

"I can't drink POSSIBLE beers! I need ACTUAL beers! Damn you quantum physics!"
#43 by LPMiller
2002-07-18 00:45:40
lpmiller@gotapex.com http://www.gotapex.com
Fascinating how the conversation has gone on to such excitement as why some Ebayers spend more then they should, and how Caryn doesn't do that.

Frankly, I think you both are missing the point. You need to redefine what auction is. We need to bring it down to the cult level, and out of the mainstream, so that it can be nurtured into its true art form: Cheap Porn.

I believe I can fly......urk.
#44 by Matthew Gallant
2002-07-18 00:46:58
http://www.truemeaningoflife.com
Shush.

Current market value of the Max Payne IP according to a comparison of the market capitalization of Take Two pre- and post- sale: approx. -$254,000,000.
#45 by Caryn
2002-07-18 00:57:09
carynlaw@pacbell.net http://www.hellchick.net
LPMiller:

Fascinating how the conversation has gone on to such excitement as why some Ebayers spend more then they should, and how Caryn doesn't do that.


Okay, I'll do my part to bring it back to the topic at hand!

Except that I can't think of anything intelligent to add to the discussion.

I wasn't aware that PayPal was experiencing problems or that most people thought it sucked. I am not surprised, as m0nty is, that they bought PayPal even though they'd developed BillPoint -- they want to buy out the competition.

"I can't drink POSSIBLE beers! I need ACTUAL beers! Damn you quantum physics!"
#46 by chris
2002-07-18 00:59:30
cwb@shaithis.com http://www.cerebraldebris.com
Paypal runs fine for like 99.999% of the people who use it, but the tiny minority of people who get screwed by it get screwed pretty hardcore. They can pretty much lock up your account, indefinitely, at any time, with no real reason.

-chris
#47 by Your Friend
2002-07-18 01:03:42
In general, people at auctions (both online and off) pay more for items than their actual value.  People get caught up in 'the game' of the auction, begin to take the bidding personally and feel a need to 'win'.  There was a fairly interesting article about this in a recent Discover.

Looking at ebay for just a few minutes shows pretty good circumstantial evidence that they are correct...Sure, a lot of stuff might have a certain artistic value that money doesn't directly map to, but if you look at the digital equipment, computers, etc on ebay you see many people bidding close to or even above what a similar item would cost at retail, all the while giving up (in most cases) any warranty and just dealing with the general unknowns of purchasing used electronics equipment.
#48 by Your Friend
2002-07-18 01:06:10
true, chris.  

The danger of paypal is that its a fairly liquid system into which you can move your money, but it doesn't have most of the insurance systems in place at a real bank, thus a lot can possibly go wrong, resulting in losing (potentially large sums of) electronic money, with not much you can do about it other than pursuing some costly drawn out lawsuit.
#49 by chris
2002-07-18 01:08:03
cwb@shaithis.com http://www.cerebraldebris.com
which is probably why I never keep more than fifty bucks in my paypal account at any given time =)

-chris
#50 by Ergo
2002-07-18 01:10:02
#43

Stop that. My head nearly exploded.

"Brian, there's a message in my Alpha Bits! It says 'OOOOOOO'!"
"Peter, those are Cheerios."
-The Family Guy
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