Ooooo, the government does not like being rushed or pushed around in public. Eric's lawyers are rolling their eyes. Surprising he would say this; he's usually more savvy.
"Time is money" which we all know is true, but being so frank about the loss of potential millions makes Google look like the money hungry company they've been for years.
|The upheaval in the banking system hasn't rattled Google either because the company's $12.7 billion in cash is concentrated in "very, very boring investments," Schmidt said. "The drama is in New York, not here. It's business as usual at Google." |
Business as usual? Hmmm, how can that be when your stock is down 40% from this time last year?
Come on now, Google is feeling the pinch just like everyone else. And, if you push things with the U.S. Government, which is akin to buying links with Google, you might be in for a surprise. ;)
With the US government doing a 85 billion dollar bailout of AIG and now offering to help banks Google figures its prime time to test the strength of the DOJ and the US taxpayer’s back. Google’s owners have felt for quite a while that they’re more powerful than the US government and desperately want to prove it.
I used to never care much about this kind of thing, but they are getting greedy in my opinion. I doubt many care about this, but I happened to become aware that there is a strong chance that my Google rep may or may not work with others in my niche.Of course he or she would not admit it outright, but fell short of stating it is not out of the realm of possibilites. I figured out this occurs because my rep passed on suggestions and stated that it was a custom proposal. I asked multiple times if she or he really customized this and it was not autogenerated. The rep said he or she spent a great deal of time on it and custom wrote everything. Thats fine and good, but the items she or he "customized were EXACT copies of what my competitors were using" thats when i called this person out and they had to back peddle.
Whats wrong with that? Some may not think anything is wrong with that, but think about it like this...
If you have 1 rep dedicated to your account and to your top competitors account they are basically pulling strings and toying with both parties to get them to raise bids so Google can make more money.
Its business and that the way it is, but you would think that for a company that does no evil that they would at least not have the same rep working multiple competitor accounts. That just seems like they can take driven succesful models and share it with your competitors. So it would be good for 2 parties in this case, the competitor that needs help and Google.
I am speculating on that of course, but I am convinced that Google is at the very least assigning reps to multiple competitor accounts on a regular basis. I guess its ethical and legal because I have never heard anyone say a word about it.
So i hope that the feds crack down on Google because they need better regulation some how.
Smart move by the Feds - they are forcing Google's hand to actually go ahead and implement it - if this turns out to be against competition laws (as I think it will be), then there will actually be real damages. Microsoft certainly played their cards very well in this one - this is probably going to be the first big mistake by Google.
G is going to learn what everyone else already knows, and that is you don't mess with the Government. They have ultimate say here. I know G is not accustomed to bullying there way around, but the biggest bully on the block is BIGGER G.
|Business as usual? Hmmm, how can that be when your stock is down 40% from this time last year? |
last year it was overvalued IMO. Google needs to go down to $350 since growth has slowed
Seems like a cocky attitude, kinda like with those annoying things like copyrights and copyright laws, privacy and anything else that may get in the way of the mission at hand. Google used to be fun, they used to be admirable, it used to be cool to wear Googe logo gear. Guess that is what happens when ya go public and have to put the shareholders ahead of everything else.
How in the HELL can the government NOT put a stop to this...really everyone...in this economy I cannot imagine someone not stopping this monopoly....think about it....GoOgLe already controls a vast majority of the market share in both natural and paid search...it's no secret they are king....BUT to allow them to MONOPOLIZE the entire search market in this already weak economy with the only intention to drive MORE revenue will destroy thousands of businesses that are already struggling.....this mentality is really sad when they are going to be screwing many webmasters and hard working small businesses that helped build them into what they are. PLEASE CALL YOUR CONGRESSMEN AND WOMEN....LET'S TRY TO DO OUR PART TO SEE THIS DOES NOT HAPPEN....I DON'T GIVE A *&^% WHAT THEY SAY...IT'S NOT GONNA BE GOOD FOR CONSUMERS OR ADVERTISERS.