eBay and Google offer rival payment services PayPal and Checkout. The competition between the companies became even hotter when Google announced a 'Checkout Freedom Party' right at the time that eBay had scheduled its own party.

eBay today reported a record amount of revenues for the first quarter, earning $1.77 billion dollars and delivered Q1 GAAP diluted EPS of $0.27, non-GAAP diluted EPS of $0.33. eBay also raised full year guidance.