Epress.am News from Armenia
Google Inc. confessed it tried unsuccessfully to team up with Facebook, as the search giant adapts to a shifting technology landscape and strives to maintain growth, Reuters reports.
Google Executive Chairperson 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.