Articles are from various sources and courtesy to The Vancouver Sun, The Vancouver Province, The Vancouver Courier, USA Today, and others. Info below is compiled by Les Twarog - Re/Max Crest Realty (Westside), Vancouver, BC, Canada. Contact; 604-671-7000 les@6717000.com // www.6717000.com // www.lestwarog.com/map_floors.html (interactive Vancouver area Real Estate maps). "Looking for an article in the Vancouver Sun or Province? See bottom of this page"
 
Google to challenge eBay PayPal service

Sun

Wednesday, June, 22, 2005

SAN FRANCISCO -- Hoping to build upon the power of its Internet-leading search engine, Google Inc. is believed to be developing an online payment system that would pose a stiff challenge to online auctioneer eBay Inc.'s industry-dominating PayPal service. Industry analysts, merchants and investors were digesting reports Monday that the Mountain View-based company is testing a payment system -- codenamed Google Wallet -- in hopes of rolling out the service later this year. Investors appeared to view Google as a formidable threat. Google's shares gained $6.40, or 2.3 per cent, Monday to close at $286.70 US on the Nasdaq Stock Market, where eBay's shares dropped 81 cents, or 2.1 per cent, to finish at $37.24.

© The Vancouver Sun 2005

 

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Les Twarog - Vancouver's Westside & Downtown Real Estate Specialists