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eBay’s Latest Move

EBay purchased online apartment rental service Rent.com today for approximately $385 million in stock and $30 million in cash. The news reports say this symbolizes eBay’s continued move into services. Buying a stake in craigslist, I understood. This one doesn’t make as much sense to me. (Maybe that’s just because renting an apartment in NYC is a process that drastically needs a Rent.com.) What do you think? Is this a good move or a bad one?

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