Ebay’s (EBAY) Revenge

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By Douglas A. McIntyre Published
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Google (GOOG) planned to have a party to upstage Ebay’s (EBAY) big confab for its online payment system, Paypal. Googe runs a competing systems call CheckOut. CheckOut has not done very well, so it thought if it invited some PayPal customers to a party, they might switch.

It didn’t work out that way. Ebay, which was the largest buyer of Google Adwords in the first quarter, according to NetRatings, canceled all of its marketing on Google.

Google is learning that being in businesses beyond search is going to cost it money from time to time. It now competes with almost everyone one the internet. Google has a product search area. It sells ads there that may compete with the listings. Its calendar, documents, and spreadsheet products compete with Microsoft (MS).

Google has few natural enemies. It is too large and successful. But, through rapid expansion, it could become its own worst foe driving off customers that it now competes with.

Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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