The Google Effect
PayPal Prepares
For a Challenge
From Google
By MYLENE MANGALINDAN
Staff Reporter of THE WALL STREET JOURNAL
February 6, 2006; Page B1When Jeff Jordan learned last May that Web-search leader Google Inc. was building its own Internet-payment service, he reacted swiftly.
Mr. Jordan, who is president of eBay Inc.’s PayPal online-payments unit, immediately asked employees to unearth information about the Google service. Soon, PayPal employees were monitoring blogs, news reports and other data for information about Google’s progress in payments. PayPal staffers even gleaned details about Google’s plans during regular calls to customers who were eager to dish about how Google had reached out to them.
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It looks like Google is the new Microsoft. The mere mention that they might enter a market sends executives scurrying around like little chipmunks. The difference between Google and Microsoft, is they are competing on the strength of their products, and not an leverage they might have as a monopoly.
