Verrrrrry Interesting

At a March 2 analyst meeting, Google Chief Executive Eric Schmidt dismissed the idea that his company would compete with eBay, focusing instead on the benefits of a payment system that would allow advertisers to streamline sales.

“The quickest way to improve the quality of an ad is to have the ad instantaneously turn into a purchase that is 100 percent perfect,” he said. “We now have a solution that we believe enables advertisers to offer a digital product on the Web so that when people click on it, through a credit-card mechanism, it is automatically taken care of.”

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