GBuy Hasn’t Taken over Yet
Unconfirmed reports that Google will soon launch a payment service to rival eBay’s PayPal dealt a blow to the online auction company’s shares on Tuesday.
But eBay (nasdaq: EBAY – news - people ) could conceivably weather the competition thanks to its significant brand-name advantage, according to a new report from Standard & Poor’s Equity Research.
On Tuesday, shares of eBay fell 5% on news that Google (nasdaq: GOOG – news - people ) is readying a test version of its online payment service, dubbed GBuy, for as early as today, Wednesday.
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