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e-commerce

PayPal will be bigger than eBay.com, CEO says

PASADENA, Calif.--PayPal is just over a third of eBay's revenue at the moment, but the online payment service will ultimately be bigger than the company's flagship e-commerce site, its chief executive said Thursday.

"PayPal is a business that will be bigger than eBay," CEO John Donahoe said in a talk at the Fortune Brainstorm: Tech conference here. However, he said that shift will take four to six years.

Donahoe's comments came just as the company announced that it is opening up its PayPal platform to third-party developers. "There is this opportunity for an … Read more

Kindle patents lay out plan for ads

Amazon.com has filed for a number of patents that hint at ad-supported books for its Kindle e-reader--more specifically, a free or discounted ad-supported e-book for customers who buy the physical version.

Amazon Technologies, a subsidiary of Amazon, filed for a patent ("Method and system for access to electronic version of a physical work based on user ownership of the physical work") in December 2006. It was approved last month and makes it possible for buyers of a physical book to have an e-book bundled with it.

But two additional patents, filed a year later by Amazon employees (… Read more

Magento's open-source e-commerce platform makes progress--Q&A

Open source continues to move beyond its original confines of infrastructure software. Open-source application adoption is booming, while even the curmudgeonly router market is getting some open-source polish from Vyatta.

One area, in particular, that is getting an open-source makeover is e-commerce, with Magento apparently leading the pack with more than 750,000 downloads and a roster of great customers, albeit with strong competition from Oxid and Apache's OFBiz project.

I've written about Magento before but wanted to dive in a bit deeper, so I contacted Roy Rubin, CEO and founder of Varien, the company behind Magento, for … Read more

Facebook payments: Think virtual

It might be Facebook's worst-kept secret.

It's become increasingly clear in recent weeks that Facebook is finally inching toward the launch of a micropayment platform. The social site has been expanding the presence of its virtual currency, which Facebook debuted last November when it changed the monetary units for its "Gifts" product into "credits" rather than U.S. dollars.

Credits are now bundled with some promotional items in the Gifts app. And soon, select developers on the Facebook Platform will be able to start working "credits" into their own applications, in a … Read more

Amazon's big-screen Kindle DX makes its debut

NEW YORK--Amazon CEO Jeff Bezos unveiled the much-anticipated large-screen Kindle e-reader in a lecture hall Wednesday at the downtown Pace University. Called the Kindle DX, the new device is geared toward readers of personal and professional documents, newspapers, and magazines--and textbooks, a potentially huge target market.

The debut of the bigger Kindle wasn't exactly a secret: rumors of a larger-screen Kindle had been around for quite some time, and concrete reports began to surface earlier this week.

According to Amazon's Kindle DX page, the device has the following:

• A 9.7-inch display with 16 shades of gray. (The standard Kindle has a 6-inch display.)

• Capacity to hold up to 3,500 books, periodicals, and documents.

• An auto-rotating screen to show either portrait or landscape views.

• A built-in PDF reader.

• 3G wireless network support with no monthly fees or annual contracts.

• Battery capacity to "read for days without charging."

• Text-to-speech abilities to read publications aloud.

Several of those features are shared with the current Kindle 2, but several are unique to the Kindle DX: the native PDF reader that doesn't require the files to be converted, the rotating display, the 3,500-publication capacity compared to 1,500 for the Kindle 2, and of course the larger screen. … Read more

eBay buying out Gmarket, as Yahoo exits

eBay announced an agreement Wednesday to acquire Gmarket for a price of up to $1.2 billion, and Yahoo has agreed to sell its 10 percent stake in the South Korean e-commerce site in a move that would raise about $120 million.

Gmarket's board unanimously approved eBay's tender offer, in which the online auction and commerce site will pay a cash price of 31,767 Korean won, or $24, per share for all common shares and all American Depository Shares. eBay said it's assured of owning at least 67 percent of the company, and if it acquires … Read more

Facebook launching virtual currency? Don't get too excited

On Tuesday night, a Los Angeles Times blog post pointed to an soundbite that Facebook "gaming guru" Gareth Davis produced at the GamesBeat conference in San Francisco: that the company is "looking at" offering a virtual currency to developers. The virtual goods industry, the article notes, is a $1.5 billion behemoth.

This would mean that games and other apps with a presence on Facebook could use a universal "Facebook currency" that would not only be interoperable between apps, it could also line Facebook's pockets with some extra cash. But Davis' language ("… Read more

Facebook Marketplace relaunched with Oodle's aid

Classifieds listings have returned to Facebook, thanks to the social network's partnership with e-commerce service Oodle. With Facebook Marketplace's focus on making classifieds "social," the company hopes to give Craigslist a run for its money. But at least right now, it won't mean any new revenue streams for Facebook--it's powered by ads and sponsored listings, with no transaction fees yet.

You may recall that in mid-2007, Facebook launched its own "Marketplace" feature, but it never really caught on. Late last year, Facebook made it public that Marketplace would be relaunched with Oodle'… Read more

CNET News Daily Podcast: How one intrepid soul made his PC-Mac peace

Like a lot of office workers, Rafe Needleman coveted a Macintosh but his various work assignments forced him to spend 20 years banging away on a PC. But that was then and this is now. Rafe finally got his wish--but that didn't mean he had to dump his old PC. In fact, he's come up with a way to use both machines to maximum effect on the same desk.

Listen now: Download today's podcast

Today's stories:

YouTube adds purchases using Google Checkout

Together in harmony: Mac and PC

Sources: Windows 7 moving toward 2009 release

Mobile WiFi usage on the riseRead more

Report: YouTube tinkers with e-commerce program

Google is trying to expand YouTube's e-commerce profile by offering viewers in Germany, Spain, and the Netherlands click-to-buy products, something that it had offered only in the U.S. and Great Britain, according to Peter Kafka at All Things Digital.

Kafka reported Wednesday that in these countries YouTube isn't satisfied with just posting links to Amazon or iTunes at the bottom of the video page.

The company is now linking in the form of transparent overlays that appear within the videos. The links can only be seen while watching clips on YouTube and can't be found on … Read more