Google wanted to team with Facebook

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Google wanted to team with Facebook
By bestlaptopbattery.co.uk
Dated: Jun 01, 2011
Google Executive Chairman Eric Schmidt told a conference on Tuesday that social networking site
Facebook had rebuffed its entreaties to do a deal, while acknowledging he had not pushed hard enough to
address the rising threat.

Google Executive Chairman Eric Schmidt told a conference on Tuesday that social networking site
Facebook had rebuffed its entreaties to do a deal, while acknowledging he had not pushed hard enough to
address the rising threat posed by Facebook during his tenure as CEO.

"Three years ago I wrote memos talking about this general problem. I knew that I had to do something and
I failed to do it," Schmidt said.

"A CEO should take responsibility," he said. "I screwed up."

Schmidt, who ended his 10-year run as CEO in April and handed the reins to 38-year-old Google
co-founder Larry Page, made the comments at the D9 conference organized by the blog AllThingsD.

Google, which generated roughly $29 billion in gross revenue last year, is the world's No.1 search engine.
But its core advertising business is under threat from rapidly growing upstarts such as Facebook and
Groupon, while the emergence of new computing gadgets has spurred a growing rivalry with iPhone-maker
Apple.

During a nearly 90-minute onstage interview, Schmidt discussed the increasingly competitive landscape, as
well as the growing privacy and regulatory scrutiny it is facing.

But he seemed dismissive of software giant Microsoft, which was "not driving the consumer revolution."
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A former Apple board member, Schmidt admitted their relationship had gotten "rough" as Google began to
develop its Android smartphone operating system, though they remained partners in certain businesses.

Google recently renewed a partnership with Apple in which Google provides map technology featured on
the iPhone, he said.
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