What’s going on at Google?

There’s been a buzz in the past couple of days that eBay’s director of advanced technology group, Louis Monier might be leaving the auction giant and heading to Google. This comes at the same time as Google CEO, Eric Schmidt is denying building a Paypal competitor while confirming that something is going on and the Wall Street Journal is claiming that Google and Amazon are threatening eBay’s dominance.

All this chatter can’t just be hot air so what are they cooking up over in the Google labs and what does it mean for the nature of business on the web?

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