Google Inc (NASDAQ:GOOG)’s co-founder and current CEO, Larry Page, shared his thoughts on Facebook Inc (NASDAQ:FB) for “doing a really bad job with its products” in an interview with Wired magazine.
While criticizing the social media giant on its alleged bad performance, Page never backed it up with a reason, neither did he explain a particular target product by Facebook.
Carlson Capital's Black Diamond Arbitrage Partners fund added 1.3% net fees in the first quarter of 2021, according to a copy of the firm's March 2021 investor update, which ValueWalk has been able to review. Q1 2021 hedge fund letters, conferences and more At the end of the quarter, merger arbitrage investments represented 89% of Read More
“Yeah, they’re a company that’s strong in that space,” he told Wired. “But they’re also doing a really bad job on their products.” commented Page about Facebook
Since this interview was carried out before the announcement of Graph Search by Facebook, it would be a false assumption to relate this open criticism to Facebook Inc (NASDAQ:FB)’s new search tool. However, Page expressly commented about Google Inc (NASDAQ:GOOG)’s methods of achieving success on its own, not by jeopardizing a product of another competing company.
“For us to succeed, is it necessary for some other company to fail? No. We’re actually doing something different. I think it’s outrageous to say that there’s only space for one company in these areas. When we started with search, everyone said, “You guys are gonna fail, there’s already five search companies.” We said, “We are a search company, but we’re doing something different.” That’s how I see all these areas.”
Although, there was nothing particularly targeted in his statement about Google’s industry rivals, its not entirely wrong to decipher hints of a taunt at Facebook for copying the search ideas, which has been at the center of Google’s success.
The budding rivalry between the web search and the social media giant is one of the many interesting technology showdowns to watch in coming months and years.
Page also expressed his views about the current need to keep a successful company profile with ambitious ideas, he said there is a possibility that Google Inc (NASDAQ:GOOG) may eventually have 1 million employees working for it.