- This topic has 9 replies, 7 voices, and was last updated 21 years, 4 months ago by
.
-
Posts
-
MOUNTAIN VIEW, Calif. (AP) — Online search-engine leader Google Inc. is preparing to introduce an electronic payment system later this year in a move that would pose a financial threat to one of its biggest advertisers, Internet auctioneer eBay Inc.
The Wall Street Journal reported Google’s plans on its Web site late Friday, citing sources familiar with the Mountain View-based company’s plans. The Journal did not provide any details about Google’s strategy.A Google spokesman declined to comment on the report.
The likelihood of Google rolling out an online payment system to rival eBay’s popular PayPal service became a hot topic during an Internet conference hosted Thursday by Piper Jaffray.
“It could be a pretty big negative for eBay if it happens,” said Piper Jaffray analyst Safa Rashtchy, who follows Google as well as the Web’s leading auction site.
PayPal accounted for $233.1 million, or 23%, of eBay’s revenue during the first quarter.
San Jose-based eBay bought PayPal for $1.3 billion in 2002. The payment service makes money by collecting a fee from the transactions that it helps complete. The electronic accounts are funded by credit cards or banking account transfers.
Expanding into online payments might make Google less dependent on advertising, which accounted for nearly all of its first-quarter revenue of $1.26 billion. The merchants who run auctions on eBay are major buyers of Google’s ads, which appear alongside search results.
http://www.usatoday.com/tech/news/2005-06-18-google-payments_x.htm?csp=26&RM_Exclude=Juno
Yeah I heard about that. Its really interesting. I think its time for Google to come up with its own operating system because Windows sucks. That will be awesome.
ys8er2323 wrote:Yea, we should just wait till google buys the moon or something and calls it google-m.we should. it’s just been sitting up there collecting spacedust for years now, it’s time someone did something with it. :pi think this would be a good move for Google if they are indeed planning something like this.
I think google need to slow down. Creating a bit of competition is great but theres no need to put a hand in every bucket.
I second Qwerty.
Sometimes quality matters more than quantity.
They still have too many products on beta status.Hasan wrote:They still have too many products on beta status.So true. How is Gmail still in beta lol. I love google and there services but they do have a few loose ends to tie up…
ys8er2323 wrote:Yea, we should just wait till google buys the moon or something and calls it google-m.You had to give them the idea…
- You must be logged in to reply to this topic.