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Google leaks classified ad service

Jung

???
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#1
http://www.cnn.com/2005/TECH/internet/10/26/google.classifieds.ap/index.html
SAN FRANCISCO, California (AP) -- Google Inc. has unintentionally provided a sneak peek at what appears to be a looming expansion into classified advertising -- a free service that might antagonize some of the Internet search engine's biggest customers, including online auctioneer eBay Inc.

Screen shots of the experimental service, dubbed "Google Base," appeared on several Web sites Tuesday shortly after the legions of people who dissect the online search engine leader's every move discovered a link to a page inviting people to list things like a used car for sale, a party planning service and current events.

Google confirmed the development of the service a few hours after taking down the link.

"We are testing new ways for content owners to easily send their content to Google," the Mountain View, California-based company said in a statement. "We're continually exploring new opportunities to expand our offerings, but we don't have anything to announce at this time."

By offering a forum that would enable people to sell goods and services without paying for the advertising, Google might hurt eBay -- a major buyer of the online ads that account for most of Google's profits.

EBay depends on the fees that it receives for helping to sell all kinds of products and services, including items that might be listed for free on Google Base. The San Jose, California-based company also owns a 25 percent stake in Craigslist, a popular site that offers free classified ads in more than 100 cities.

Google also has confirmed it's working on an online payment service, but CEO Eric Schmidt has said the service won't compete with eBay-owned PayPal.

Another free online classified ad service also would pose another financial threat to newspapers, which already have been squeezed in the cities where Craigslist provides free listings.

If a free Google listing service materializes, it could change the way many Web sites view the online search engine leader.

Through most of its seven-year existence, Google has depicted itself as a vehicle for delivering people to other destinations that contained a desired piece of information or product.

But during the past 18 months, Google has increasingly been adding more content and services that are turning its Web site into more of portal -- a sort of one-stop shop for information and commerce.

"As soon as you start competing with some of the people that you are indexing, it creates a completely different dynamic," said Craig Donato, chief executive of Oodle.com, a search engine that pools listings from dozens of classified advertising sites.

"Google can get away with a lot of stuff, but (Google Base) would certainly give people pause," he said.

Google's diversification has coincided with tougher competition from Yahoo Inc. and Microsoft Corp.'s MSN -- two longtime portals that have been trying to build better search engines.
Time to get some GOOG stock if you can.
 

void

Banned - What an Asshat!
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or soon time to sell some GOOG while everyone wants it and the price goes apeshit..?
 

Jung

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#4
void said:
or soon time to sell some GOOG while everyone wants it and the price goes apeshit..?
It's time to hold right now, GOOG will only go up from here.
 

void

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junglizm said:
It's time to hold right now, GOOG will only go up from here.
i agree.

Pick the right stocks and you'll do just fine, argues investment strategist Peter Cohan of Marlborough, Mass. He says he has been amazed at how well tech stocks have done lately. "The fundamental assumption was that anything related to energy would go up, everything else go down," Cohan says. But he notes that stocks like Google (GOOG ) (which he doesn't own), Adobe (ADBE ), and Macromedia (MACR ) (which he does own) are doing well.
http://www.businessweek.com/bwdaily/dnflash/oct2005/nf20051030_5431_db016.htm

but i say soon as a sobering counterpoint, not a contradiction.. very good time to own GOOG. i
'm having trouble finding the story i read last week that stated this new venture will be damaging to google, hence being prepared to sell.
 

Jung

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#6
'm having trouble finding the story i read last week that stated this new venture will be damaging to google, hence being prepared to sell.
I haven't read anything indicating that. Actually, Google just hooked up with Sun, so that partnership in addition to their new ad service leads me to believe that there are good things to come. I have Sun stock as well. :)
 

void

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#7
junglizm said:
I haven't read anything indicating that. Actually, Google just hooked up with Sun, so that partnership in addition to their new ad service leads me to believe that there are good things to come. I have Sun stock as well. :)
:thumbsup:

plus it's very possible that the story (that i still can't find) was actually about Baidu (BIDU) the chinese google, and i just had my wires crossed..