Google’s Larry Page took the reins after a decade of “adult supervision” for Google under Eric Schmidt, as the outgoing CEO called it. The switch comes as mobile gadgets are redefining the way people use the Internet and Google’s main ad business is under threat from fast-growing upstarts such as Facebook and Groupon. Page has yet to make his battle plan public, but industry insiders and analysts expect he will try to shore up Google’s strength in search and mobile while breaking into a red-hot social networking market that has eluded his company.
Amazon.com faced a backlash from the music industry after it introduced Cloud Drive, an online “music locker” that lets customers store music files on the company’s Web servers instead of their own hard drives and play them over an Internet connection directly from browsers and on phones running Google’s Android OS. Sony Music was upset by Amazon’s decision to launch the service without new licenses for music streaming.
EBay said it will buy e-commerce service provider GSI Commerce for $1.96 billion in cash to build up its online marketplaces, as it ramps up its battle with Amazon.com. GSI is attractive to eBay because of its expertise in taking customer orders, managing them and filling them, which also happens to be an area of strength for Amazon. GSI, which owns Web businesses such as Rue La La and ShopRunner, also provides retailers such as Aeropostale and TJX’s Marshalls chains with technology, payment processing and customer care services for their e-commerce sites.
Facebook signaled an increased interest in deals, poaching a member of Google’s corporate development team to lead its fledgling merger and acquisition efforts and underscoring the rivalry between the social networking company and the search engine giant.
Remember the flight attendant who imperiously cut you off after the second cocktail on your trans-Atlantic flight? Or how about that tech-support guy who heroically spent hours on the phone with you and solved the mysterious problem plaguing your PC?
Corporate America has gradually warmed up to social networking this past year, as companies have discovered the benefits of advertising on popular online services like Facebook.
Innovation doesn’t know what day it is. It’s also true that we never seem to predict the most interesting things which actually do happen. Oh sure — years of speculation preceded Apple’s iPad announcement last January. But did anyone actually figure on the iPad?
Dear CEO of [Your Name Here]: Why aren’t you on Twitter?
In retrospect, I have come to understand your relative lack of interest in blogging, when blogging was the thing to do. It’s time consuming. It’s easy to overthink (and underthink). A blog requires readers to find you, and return — embarrassing if they don’t. You always have to feed the beast (darn you, pesky time stamps).