Google: We should have done a Facebook competitor sooner

Schmidt admits that search giant was slow

Schmidt we should have done sooner

Google's executive chairman Eric Schmidt has admitted that the search giant should have put more effort into a Facebook-alike social network earlier.

In an interview with CNN, former CEO Schmidt expressed his frustration that his company had not worked on a more personal approach to the internet earlier.

"Fundamentally, what Facebook has done is built a way to figure out who people are. That system is missing in the internet as a whole. Google should have worked on this earlier," said Schmidt.


"I think that's the area where I would have put more resources, developing these identity services and ranking systems that go along with that. That would have made a big difference for the internet as a whole," he added.

Facebook has emerged as a true rival to Google web dominance, despite concerns over privacy.

With Google+ showing promising early signs, the question remains: could Facebook's social networking market share have been impacted if Google had got its act together earlier.


You can also check out our video hands on of Google+