Monday, June 20, 2005
Interesting article from Reuters.com that implies that Google are going to be taking on PayPal. The details are sketchy at the moment, but it's another logical step towards world domination. Currently Google makes 99% of its $3.2 billion revenue from advertising, but as other companies move into this field it can do nothing but drop that figure, so it's clearly going to need to diversify its revenue income. An added benefit for Google is that it should also be able to eat into eBay's revenue - eBay owns PayPal, which generates 23% of eBay's revenue.
Phil 10:11 AM