Monday, June 20, 2005
Ebay shares sink on talk Google eyeing PayPal rival:
"NEW YORK (Reuters) - Shares of eBay Inc. (EBAY.O: Quote, Profile, Research) fell about 3 percent on Monday on concerns that Google Inc. (GOOG.O: Quote, Profile, Research) may offer an 'online wallet' service that rivals eBay's PayPal.
The move comes amid news reports that Google this year may launch 'Google Wallet,' an electronic-payment service that could help the Internet-search company diversify revenue. Like PayPal, the service could let users pay for purchases on Web sites by funding accounts from their credit cards or checking accounts..."
"NEW YORK (Reuters) - Shares of eBay Inc. (EBAY.O: Quote, Profile, Research) fell about 3 percent on Monday on concerns that Google Inc. (GOOG.O: Quote, Profile, Research) may offer an 'online wallet' service that rivals eBay's PayPal.
The move comes amid news reports that Google this year may launch 'Google Wallet,' an electronic-payment service that could help the Internet-search company diversify revenue. Like PayPal, the service could let users pay for purchases on Web sites by funding accounts from their credit cards or checking accounts..."
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