Google a threat to Paypal


There’s a popular saying that goes “the enemy of my enemy is my friend.” This applies to business, war and cheesy reality TV show contestants. It now applies to eBay. A Wall Street Journal article today revealed the auction behemoth is getting more and more nervous over Google’s foray into the e-commerce sphere. How nervous? Enough to seek help from Yahoo and Microsoft.

“eBay is worried about Google Base, the auction giant’s free classified listings services. Wall Street analysts have long argued that plans to use Base to process payments from online merchants is a threat to eBay’s lucrative PayPal business. Publicly, both eBay and Google have downplayed such speculation,”

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