COMPANIES: INDUSTRIES:
Google Launches New Social Networking Service in Already Crowded Market
Vittorio Hernandez
Mountain View, CA, United States
Google will launch a new social networking service in an apparent bid to compete with Facebook.
The new service, called Google+, makes available to users streaming photos, messages, comments and other content updates from the members' group of friends.
According to Google Vice President for Product Management Bradley Horowitz, the new service will integrate with Google's maps and images, and aims to help people organize better their circle of friends.
According to Internet monitor ComScore, online users spend 13 percent of the total hours they spend on the Internet on Facebook and 10 percent on Google.
An analyst from Forrester Research pointed out that Google+ does not compete directly with Facebook, but builds on a niche created by the latter to link people from specific groups of friendship or affiliation.
It is not Google's first attempt at social networking. In 2004, the search engine firm launched the Orkut site, however, the service was a hit mainly in emerging economies such as Brazil, but failed to match Facebook's global usage, which has more than 500 million members.
In 2009, Google introduced the Buzz service on its Gmail, but the service encountered problems with the U.S. Federal Trade Commission over privacy issues, which led to a Google settlement in March with the FTC.
Google, which tested Google+ internally and is now preparing to gradually make the service available to Internet users, will initially limit the service to some users. The limited service would probably be similar to the search engine's Gmail service, which initially accepted users upon invitation of a registered user.
- Bank of America to Pay $8.5B in Mortgage-backed Security Dispute
- Google Launches New Social Networking Service in Already Crowded Market
- JPMorgan Agrees To Pay $153.6 Million Settlement In Fraud Case
- Supreme Court Strikes Down Huge Sex Discrimination Lawsuit Against Walmart
- Federal Reserve Forecasts Weaker Growth for 2011 and 2012
- Half Of Americans Suffering While Rich Prosper
- Existing Home Sales Fall 3.8% in May To Lowest Rate in Six Months
- Savings in American Banks Reach Record $1.45 Trillion in May
- Executive Pay Rise Cause Of Widening Income Gap In United States
- Nokia and Apple Settle Patent Lawsuit
- 50 Best Funds for the Everyday Investor
- 2 Bright Spots in Europe: Denmark and Norway
- 5 Ominous Signs for Stock Investors
- Executive Pay Zooming Skyward Again
- Bank Stocks Slow to Show Recovery But Could Be Turning the Corner
- United Technologies: Conglomerate Relies on Cyclical Growth Factors
- International Paper Company Thinks Inside the Box
- Why Copper Is the Metal to Watch
- Auto Industry Weathers High Fuel Prices
- 6 Numbers Every Investor Should Follow
- ETFs Not Just For Riverboat Gamblers
- What Investors Can Learn From the VIX
- How to Find Value Stocks
- Learning From Madoff
- PIMCO's Bill Gross Wades Into Active ETFs
- The Smaller the Better: Investing in Micro-caps
- Confidence Remains Strong in Global Markets Despite Crises
- What Standard & Poor's U.S. Outlook Downgrade Means
- The Appeal of Go-Anywhere Funds
- Demand and Disasters Complicate Global Energy Picture
- Russia Stocks Soar on Rising Oil Prices
- Energy and Construction Stocks Looking Good -- For Now
- What Investors Can Learn From Fund Flows
- High-priced Stocks Worth the Money?
- Investors Continue to Chase Short-Term Performance
- 5 Reasons Investors Should Not Bail on Japan
- What Happens After Quantative Easing 2 Ends?
- A Closer Look at Restaurant Stocks
- Adobe Overcomes Obstacles to Continue Its Rise
- Where to Find the Dividends Now
- What Style of Index Investing Is Right for You?
- The Case for (and Against) European Stocks
- Tech Stocks Volatile But Undeniably Strong
- Find This Year's Investing Strategy in Last Year's Return
- Why Big U.S. Stocks Look Like a Good Bet
- Diversification: Can You Have Too Much of a Good Thing?
- 5 Tax Tips for Mutual Fund Investors
- What's the Best Way to Buy Bonds?
- Realities of New Retirement Changing Investment Strategies
- How Contango Affects Your Investments
- Best Intermediate-Term Bond Funds for the Long Term
- Elephant-Sized Mutual Funds Slow to Adapt But Steady
- What Next for Gold? Is Gold's Latest Selloff a Turning Point?
- eBay: Competition and Changing Trends Cloud Online Marketplace's Future
- What the Egyptian Uprising Means for Investors
Investing - Google Launches New Social Networking Service in Already Crowded Market | Successful Investing
Copyright 2011, AHN - All Rights Reserved
