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[-]  08-11-18 01:45

Business Insider
Eric Schmidt takes the blame for Google's social networking failures: 'I suspect we didn’t fully understand how to do it' (GOOG, GOOGL)
In a recent podcast interview with economist Tyler Cowen, former Google CEO Eric Schmidt said the company's failure to build the next, big social network was mostly his fault. 
"I think it would be fair to say that the rise of Facebook, etc., occurred on my watch," Schmidt admitted. 
The former top executive blamed his age, in part, for the company's social failures, saying: "Because we didn’t collectively use it, I suspect we didn’t fully understand how to do it." 
G...

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