Wednesday, 1 June 2011

Schmidt Acknowledges Missing The Facebook Threat

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Schmidt Acknowledges Missing The Facebook Threat: "Google Chairman Eric Schmidt has admitted that he messed up with social media.

"With nearly 700 million Facebook users and millions of users clicking on like buttons daily, the search giant is losing a lot of information. The central component that he regrets missing? Identity.
Schmidt was very direct in telling All Things Digital how he missed the opportunity to better compete with Facebook, back when he’d been chief executive officer of Google: “A CEO should take responsibility. I screwed up.”"

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