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Biggest failure - Eric Schmidt, Google: we missed out on 'the friends thing'

The Guardian :: Google's executive chairman Eric Schmidt has said that one of his biggest failures when he was chief executive of the search-engine company was underestimating the importance of friends. In a speech in California, Schmidt said he had not addressed the impact of social networking services such as Facebook and that, as a consequence, Google had missed on "the friend thing".

Continue to read Dominic Rushe, www.guardian.co.uk

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