Google Checkout's Impact Already Apparent
Analysts: EBay Faces Competitive Threat: Financial News - Yahoo! Finance
In my last post I said it would be interesting to see what happens with Google Checkout in the next 6 months. But who needs to wait 6 months? The fallout from Google's Checkout announcement is already being felt over in eBay's world. eBay recently announced that Google Checkout was on its banned payment list due to a lack of "substantial historical track record". Yeah, right.
Today the president of PayPal announced that he would be stepping down and made the cliche statement that he wants to spend more time with the wife and kids. Again, yeah right. The question is, did he leave by choice or was he pushed out? Those rooting for eBay's future growth hope that he was pushed, because if he left on his own, that probably means he sees the writing on the wall with regard to Google Checkout and PayPal's ability to continue gaining market share. As I said in my last post, Google Checkout poses an immediate threat to one of PayPal's biggest growth areas: off-eBay tranactions. It's only a matter of time before it threatens the entire breadth and depth of the PayPal offering. At this rate, it will take far less than 6 months.
In my last post I said it would be interesting to see what happens with Google Checkout in the next 6 months. But who needs to wait 6 months? The fallout from Google's Checkout announcement is already being felt over in eBay's world. eBay recently announced that Google Checkout was on its banned payment list due to a lack of "substantial historical track record". Yeah, right.
Today the president of PayPal announced that he would be stepping down and made the cliche statement that he wants to spend more time with the wife and kids. Again, yeah right. The question is, did he leave by choice or was he pushed out? Those rooting for eBay's future growth hope that he was pushed, because if he left on his own, that probably means he sees the writing on the wall with regard to Google Checkout and PayPal's ability to continue gaining market share. As I said in my last post, Google Checkout poses an immediate threat to one of PayPal's biggest growth areas: off-eBay tranactions. It's only a matter of time before it threatens the entire breadth and depth of the PayPal offering. At this rate, it will take far less than 6 months.
posted by Craig at 10:25 PM
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