Highly regarded analyst, Safa Rashtchy, from Piper Jaffey has some powerful words about Google's future in the e-commerce space in comments made to InternetRetailer.com.
He tells the site:
?Google will be a Craigslist on steroids?a very potent and dangerous challenge to where eBay wants to go,? Rashtchy says.
On eBay Rashtchy says:
While eBay has brought millions into online commerce, it is still too complicated for sellers who balk at the listing process and for buyers who don?t want purchase from someone located far away, he adds.
On Craigslist and Google
?Craigslist has the limitations that it cannot scale massively as it lacks robust search functionality,? Rashtchy says. ?Google, on the other hand, can create a massive and still highly efficient listing service as it has already done with web search.
More in the InternetRetailer.com article: Google heading toward ?e-commerce 3.0,? analyst says