Tuesday, October 25, 2005
Google to take on eBay
Google Base is in development right now. Don't know what Google Base is, then keep reading! Basically, Google Base is going to be a fixed offering site (like eBay's buy it now function). Currently the Buy it Now feature on eBay makes 30% of the gross earnings for eBay which is a good piece of the pie. Google will make money by, like always, placing relevant text ads on the items (we even have some). No details on whether this will come bundled with the Google Wallet service (meant to be Google's version of PayPal).
I think this would be pretty great and good competition in the end is better for the consumer than anyone else (which i love).