Wednesday, June 1, 2011

Google’s Eric Schmidt Says He ‘Screwed Up’ on Social Networking

Google chairman Eric Schmidt took responsibility for the search titan’s failure to counter Facebook’s explosive growth, saying he saw the threat coming but failed to counter it. Speaking at the D9 tech conference outside of Los Angeles Tuesday evening, Schmidt said that for five years, he’s been aware of the competitive threat posed by upstart ..read more.. 

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