Google May Create Facebook Competitor

Thompson Says Google May Create Facebook Competitor

May 6 (Bloomberg) -- Nicholas Thompson, a Bloomberg Television contributing editor, talks with Mark Crumpton and Julie Hyman about Google Inc. Chief Executive Officer Eric Schmidt's plan to double the anticipated pace of acquisitions this year. Google, the search engine with almost two-thirds of the U.S. market, is making acquisitions every couple of weeks, more than the once-a-month pace Schmidt projected when Google began buying companies again last year after the recession. (Source: Bloomberg)