For the most part, I am of the opinion that Paypal was fluffing up the numbers to get higher stock prices. Now that they fixed all the fluff and corrected their forecast (after they sold a bunch of stock), prices are now correcting. There was no real way to tell if the new users signed up were real people and I doubt they would be verifying everything.
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Interesting, I wasn't aware of this fluffing.
One of the major things that caused the stock price to go up was the huge expected user count. They made a sign up initiative and gave money for more accounts. Obviously it added to the numbers and stock holders were happy but when they looked at the accounts afterwards, there were fake accounts added. Removing those accounts means that their original expected user count can no longer be kept.
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So they pumped expectations and failed to deliver?
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Pumped expectations in the past because a campaign was working. After reviewing things and finding a bunch of fake accounts, they believe the goal is no longer possible.
So I guess you can say so.
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