Australia Puts Brakes On eBay PayPal Only Plan

The Australian Competition and Consumer Commission (ACCC) have told eBay to put its plans to move to a PayPal only system on hold."The ACCC is concerned that the notified conduct will allow eBay to use its market power in the supply of online marketplaces to substantially lessen competition in the market in which PayPal operates," ACCC Chairman, Mr. Graeme Samuel, said today.

You Got Pants, Facebook Has People

Just because a social network is popular doesn’t mean it’s so easy to monetize, as News Corp. found out after its purchase of MySpace. Analysts have tried to extend MySpace’s trouble to other social networks while balking at Facebook’s $15 billion valuation. But after speaking with Facebook’s Kent Schoen about the social network’s fairly precise ad targeting, skeptics could be won over.

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