Around the Net

Ebay Shares Sink on Talk Google Eyeing PayPal Rival

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 »

Next story loading loading..