Though eBay reported a 29 percent drop in profit for its third quarter Wednesday, the company did deliver revenue that was reasonably higher than Wall Street’s expectations. Not that it mattered much. Investors took eBay out to the woodshed anyway, beating its shares down seven percent in after-hours trading.
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“There is of course, a corollary to safer browsers–what might be called ‘unsafe browsers.’ … Letting users view the PayPal site on one of these browsers is equal to a car manufacturer allowing drivers to buy one of their vehicles without seat belts.” This according to PayPal (EBAY) Chief Information Security Officer Michael Barrett, [...]
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Now that Ted Leonsis, vice chairman of AOL and president of its “fast-growing” Audience business, has retired from his active management role, he’s got plenty of time to shill for his “Web 2.0 payment platform,” Revolution Money. It’s “PayPal meets MasterCard without the high fees,” says Leonsis, who claims Revolution will completely overhaul the online [...]
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With the establishment of the Google Lunar X Prize, Google’s 2004 Copernicus Center announcement seems less April Fool’s Day hoax, more company aspiration. At Wired NextFest in Los Angeles yesterday, Google said it will award up to $30 million in prize money to anyone able to land a privately funded spacecraft on the moon.
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Good thing Google Checkout was never intended to be a PayPal killer. Because if it was, you might think Google’s plan to host a Google Checkout party outside the eBay Live customer event in Boston tonight was something more than a funny little coincidence. You know, the same way you might think that eBay’s decision [...]
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