Shares of eBay Inc. fell about 3 percent on Monday on concerns that Google Inc. 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.
Read the whole story at Reuters, June 20, 2005 »