Social media 'one part' of Google strategy: CFO

Afp
Tuesday 23 November 2010 01:00 GMT
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

Internet giant Google on Sunday said social media was "absolutely" part of its strategy and would be embedded in "many of our products" but played down its rivalry with networking icon Facebook.

Chief financial officer Patrick Pichette said Google was at the centre of an exploding digital economy where computer power was "relentlessly, dramatically increasing" and innovation was crucial to survival.

"Search is clearly the core product of Google but many of our other products are having phenomenal trajectories," Pichette told Australian public television.

"The first driving principle of Google is in fact not money - the first driving principle of Google is understanding that the Internet is changing the world," he added.

Pichette said Amazon and Apple were "winning" in the new technology race and Microsoft was a "formidable" competitor, but played down as media hype suggestions that Facebook was Google's next big rival.

"The digital world is exploding and it has so many chapters - it has cloud computing, it has mobile, it does have social, it has searches, it has so many elements. Within that... social (networking) is just one chapter," said Pichette.

"Yes, absolutely it will be part of our strategy, yes it will be embedded in many of our products. But at the same time remember it's one chapter of an entire book."

It follows Facebook's launch of a next-generation messaging service this month, seen as a major challenge to Google's Gmail and fellow web-based email providers Yahoo! and Microsoft.

Microsoft's Hotmail currently has the most users, 361.7 million as of September, according to online tracking firm comScore, followed by Yahoo! with 273.1 million and Gmail with 193.3 million.

Pichette said Google's Android platform for mobile devices was a "fantastic opportunity" for the company, powering 200,000 handsets every 24 hours.

Android users also performed searches 50 times more frequently than people using other mobile devices, with obvious benefits for Google, he added.

"Now that everybody has a smartphone everybody searches, so these few hundred engineers (who developed Android) have accelerated (a market that) would have taken 10 years to develop into a few years," he said.

"My payback is absolutely unreal."

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in