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 Replies: 10 / Views: 1,924 |
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Pillar of the Community
Australia
2830 Posts |
I'm listening to the midnight news (in the Land Down-Under), and it is reported that PayPal has commenced litigation against Google.
I didn't grasp the details, but I'm sure there will be more, sooner rather later ...
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Pillar of the Community
 United States
4618 Posts |
PayPal Sues Two Ex-Employees Who Created Google ‘Wallet' Alleging that trade secrets were stolen and disclosed, PayPal is going after Google in a big way: suing the company and two former employees at the search giant who are key executives behind Google Wallet, launched with huge fanfare on Thursday. ... http://www.wired.com/epicenter/2011...ogle-wallet/ ANA ID: 3203813 - CONECA ID: N-5637 Clean a coin that may be worth collecting? Please DON'T! When in doubt, leave it dirty!! 
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Moderator
United States
23522 Posts |
This could be fun.  I suspect Google considered this angle, and is viewing the lawsuit as a "cost of business" with the endgame being to break Paypal's back. If you look at financials, you'll note that in 2010 Google's Net exceeded ebay's Gross; I think Google can afford to take the hit. |
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Bedrock of the Community
United States
10045 Posts |
 Google Wallet would be a welcomed competitor, and PayPal's response would benefit end-users. Google has been sued over its books project, but that hasn't stopped them. Unless Google has stolen PayPal's source code directly, I think it will be hard to win on stealing an "idea"; like the Apple vs. MSFT GUI suit. |
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Pillar of the Community
2224 Posts |
I've always thought Good, Honest competition was good for everyone.
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Pillar of the Community
United States
4897 Posts |
^  I totaly agree! Unfortunately (or not) I am not a corporate attorney. The marketplace of ideas has been purchased by those that can afford to litigate their positions. "Competition" has become more a "legal" idea than an entreprenuerial one. IMHO |
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Pillar of the Community
2224 Posts |
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Pillar of the Community
United States
659 Posts |
Hey, if paypal does that, why don't I sue everyone on this forum for stealing my idea of collecting coins? |
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Pillar of the Community
Canada
1733 Posts |
Darn it Penny Man, I was trying to avoid this exact situation by hiding my activities. Would you settle out of court for a few large cents?
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Pillar of the Community
United States
1213 Posts |
Fantastic, competition from Google will perhaps get PayPal to lower some of their ridiculous fees.
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Valued Member
United States
62 Posts |
I couldn't be more happy that paypal is finally getting some much needed competition. Their customer service is nearly non existant and the prices have risen far too high over the years. Buyers are nearly universally favored in disputes (I have my own 2 horror stories over the past 10 years) and I truly believe the company is plain crooked as hell.
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Replies: 10 / Views: 1,924 |
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Posted 05/27/2011 12:36 pm
