EBay to Unveil Plan to Help PayPal Repel Google, Apple Threats |
| BusinessWeek - Feb 9, 2011 |
EBay Inc., preparing for a day when its PayPal online-payment unit is its biggest source of revenue, will lay out a three-year plan tomorrow for expanding the business and warding off threats from Google Inc. and Apple Inc.
At a meeting with analysts, EBay will unveil its strategy for the mobile version of PayPal, the BillMeLater service and its open-platform effort, which lets outside programmers work with its software, the San Jose, California-based company said.
While Chief Executive Officer John Donahoe will discuss plans for the entire company, he'll devote close attention to PayPal -- EBay's fastest-growing business . The payment service is on track to generate more revenue than EBay's e-commerce marketplace in coming years, the company has said. Key to that growth will be fending off threats from technology companies and the three largest credit-card networks, which are all investing in online-payment systems.
Read Full Article from BusinessWeek
- Posted: 2011-02-09 22:37:31
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