This is a Bloomberg clip where Piper Jaffay’s Apple analyst Gene Munster. In it, he says that Google has essentially given up on any sort of social strategy.
I find this to be a little hard to grasp. Sure, Facebook is growing because they make a lot of money selling ads around their social network. But people don’t use Facebook to search for things, use email or many other basic web tasks.
Yes, people spend more time on Facebook than Google now, but I’m certain that most of the time is not well spent. What do you think?