Google's 5 Biggest Blunders

By siliconindia | Tuesday, 13 September 2011, 00:21 IST | 8 Comments

3. Underestimating Facebook:

In 2007, both giants Google and Microsoft bided for Facebook. But Google let Microsoft outbid it to take a small stake in Facebook at a $15 billion valuation, which seemed crazy at the time but now looks cheap. Now Bing is using Facebook's social information to improve its search results, while Google has to build its own social search features. "I screwed up," Schmidt said. Schmidt's admission comes nearly two months after he ended his decade-long stint as Google's CEO. Facebook's growing popularity is becoming more nettlesome for Google.

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Google's 5 Biggest Blunders