Google CEO Eric Schmidt Blames Himself For Social Networking Flops

Google Inc. (NASDAQ:GOOG) knows how to do search, enterprise apps, and mobile just fine. But they could never quite figure out how to create a successful social network that interests people in the U.S. Facebook casts a large shadow over Google when it comes to social networking.

Microsoft Corporation (NASDAQ:MSFT) beat Google to the punch when making a deal with Facebook too. “Facebook’s done a number of things which I admire,” stated Google Chairman Eric Schmidt at an interview at the D9 conference. “It’s the first generally available way of disambiguating identity. Historically, on the Internet such a fundamental service wouldn’t be owned by a single company. I think the industry would benefit from an alternative to that….Identity is incredibly useful because in the online world you need to know who you are dealing with.”

Eric Schmidt believes that Google’s struggles to create a highly successful social network is his own fault. Schmidt said that CEOs should take responsibility and that he screwed up.


This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at

Google CEO Eric Schmidt Blames Himself For Social Networking Flops Comments

  1. Al Folla says:

    Google dosent need social network, google needs find / found it network , every time you find something exact you should be rewarded, both socially and financially , i dont want to chat and show off on google I want to search and read news and maps and stuff. when i find something fast thats exact, i may wanna share it if I do I should get paid a cent for doing so.
    I am a long time fan of googles speed, without it the internet was below par. now that has to bow to its shareholders the world has got slower and bigger not faster and smaller as once was. social media are for the chattering classes, its all wind. search is for the workers, the do'ers and the go get'ers,.
    The boyos at google should take a chain saw and cut the tree down, so many seeds have been planted that a forest will grow. Clear out the old wood, like Schmidt, he only there for the shareholders and original investors, Who needs that stuff, money dosent make the world go around, i believe its gravity that does that, or some-other cosmic force. Google helped us find things, but not anymore, cleaver websites can link to top sites and get google real estate, but the folk in the garage with the next big idea are lost on google. My web used to be on top all the time in local searches, now its been over taken by monied companies who can get there web link on top web sites, Now if you can draw traffic to your site, your made, but what happens if you have something really important to say, and your small, dont tout hits or links, google relegates you.

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