New Google service to compete with PayPal
The online search giant Google is getting ready to launch an online electronic payment system some time later this year. This would pose the biggest thread to eBay’s PayPal service known to many over the last few years. EBay bought PayPal in 2002 for about 1.3 million to incorporate the service in its own online auction. Google’s profits had been strictly depended on the advertising but this type of service might bring potential revenues and possibly make Google less dependent on ads.
Google declines to comment.
First quarter returns:
PayPal : $233.1 million
Google: $1.26 billion
Also reported by: usatoday.com, TheSeattleTimes
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8:23 am June 18th, 2005 
The online search giant Google is getting ready to launch an online electronic payment system some time later this year. This would pose the biggest thread to eBay’s PayPal service known to many over the last few years. EBay bought PayPal in 2002 for about 1.3 million to incorporate the service in its own online auction. Google’s profits had been strictly depended on the advertising but this type of service might bring potential revenues and possibly make Google less dependent on ads.
Google declines to comment.
First quarter returns:
PayPal : $233.1 million
Google: $1.26 billion
Also reported by: usatoday.com, TheSeattleTimes
Google Base to compete with EBay
Watch it PayPal - Here Comes GBuy!
TV Service from Verizon
Sprint to offer 3G service
Myspace Hacked
