engine - 8:07 pm on Jul 1, 2010 (gmt 0)
Google CEO Schmidt On Social Network ".. I won't say," [social.venturebeat.com]
Google chief executive wouldn’t publicly deny that the company is set to hatch a rival social network to Facebook during a speech today in London, adding fuel to rumors that the search giant may launch a social service called Google Me later this year.
“That would be a product announcement and I won’t say,” he said in response to a question about whether the service existed at The Guardian’s Activate conference today.
The company is reportedly hard at work building a competing service after several failed attempts at launching successful social products. Facebook is increasingly looking like an emerging threat to advertising revenue with 1 million sites plugging into its platform.
Rumor: Google is building a Facebook competitor [webmasterworld.com]
Rumor: 'Google Me' May Be Google's Next Social Web Experiment [webmasterworld.com]