» 2006 » July » 06 eBusiness News, eBiz News Delivered Fresh Every Day
7/6/2006

EBay Faces Competitive Threat

07/6/2006 | Filed under: Updated eBiz News, Internet News — site admin @ 11:36 pm

EBay Inc. faced a double blow Thursday as it announced a key executives plans to leave and an analyst said Google Inc.s new online payment service represents a bigger threat than expected to the Internet auction companys health.

Jeff Jordan, who most recently was president of eBays PayPal payment business, led eBays North America division from 2000 to 2004 and had been presumed by some analysts as the likely successor to Chief Executive Meg Whitman. He said in an interview that he wants to spend more time with his wife and two children.

He will be replaced by Rajiv Dutta, who has been with the company since 1998, serving as chief financial officer, head of strategy and president of Skype, the Internet phone service eBay acquired last year.

The San Jose-based companys shares fell $1.51, 5.3 percent, to $26.85 on the Nasdaq Stock Market following analyst reports that voiced concern about eBays long-term position



Authorities Say Gangs Using Internet

07/6/2006 | Filed under: Internet News — site admin @ 9:12 pm

Some of the countrys most notorious street gangs have gotten Web-savvy, showcasing illegal exploits, making threats, and honoring killed and jailed members on digital turf.

Crips, Bloods, MS-13, 18th Street and others have staked claims on various corners of cyberspace. Web bangers are posting potentially incriminating photos of members holding guns, messages taunting other gangs and boasts of illegal exploits on personal Web sites and social networking sites.

Im just being real and I aint got nothing to hide, said Kristopher Kasper Flowers, 30, a professed member of the 18th Street gang with facial tattoos of 18 and 666. The main 18th Street gang Web site has a link to Kaspers World.

Gangs once only roamed the streets of big cities but now can be found in 2,500 U.S. communities, according to the FBI Police departments suddenly faced with the unwelcome arrivals are looking for help anywhere they can get it, including the gangs own easy-to-find Web sites.