Latest Eric Schmidt Stories

2011-07-08 11:55:00

Google Inc. executive chairman Eric Schmidt said he believes there is room for multiple social networks. He said while speaking to journalists at the Allen & Co. media conference in Sun Valley, Idaho that Google will cooperate fully with U.S. antitrust regulators but will not let the formal probe launched last month distract or disrupt its strategy. Schmidt said it was too early to say how its new social network, Google Plus, was faring in the market dominated by Facebook and Twitter. He...

2011-06-24 08:55:00

The US Federal Trade Commission (FTC) is preparing to open a formal antitrust investigation into whether Internet search giant Google has abused its dominance on the Web, The Wall Street Journal (WSJ) reported Thursday. The FTC is slated to open the formal inquiry within the next several days. WSJ, citing a source familiar with the matter, said the five-member commission will send Google civil subpoenas and other companies were likely to receive requests for information about their dealings...

2011-06-22 13:34:00

WASHINGTON, June 22, 2011 /PRNewswire-USNewswire/ -- The refusal of Google's top executives, CEO Larry Page and Executive Chairman Eric Schmidt to testify at a hearing by the Senate's antitrust subcommittee demonstrates a contempt for Congress and the full Senate Judiciary Committee should subpoena the two executives, Consumer Watchdog said today. Consumer Watchdog has been calling for Google CEO's sworn testimony before Congress for over a year and has distributed two popular online...

2011-06-01 10:35:00

During a question-and-answer session at the D: All Things conference in Rancho Palos Verdes, Google CEO Eric Schmidt admits to not giving proper attention to the growing threat that the burgeoning Facebook posed for the hearts and minds of the growing denizens of the internet, reports the associated Press (AP). Facebook was a small, but growing blip on the tech-world radar with only about 20 million members at the time. Today Facebook boasts numbers between 500 and 600 million members and...

2011-05-25 05:25:00

French President Nicolas Sarkozy opened the first ever 'E-G8 Forum' in Paris this week, calling for better regulation of the Internet. Facebook CEO Mark Zuckerberg, Wikipedia founder Jimmy Wales, Google's executive chairman Eric Schmidt and News Corp. Chairman and CEO Rupert Murdoch are among those in attendance at the two-day event. Sarkozy, who arranged the summit aimed at parlaying the Internet's growing economic influence into a cohesive message for global leaders, praised the "Internet...

2011-03-17 12:44:00

WASHINGTON, March 17, 2011 /PRNewswire-USNewswire/ -- Consumer Watchdog warned President Obama in a letter today about the dire consequences for consumers worldwide of appointing Google CEO Eric Schmidt Commerce Secretary. "Mr. Schmidt's views on privacy, antitrust issues, workers rights and commercial growth are inimical to the ethical customs, social mores and rules of law the American people have demanded of their leaders," Consumer Watchdog President Jamie Court and Privacy Project...

2011-03-07 05:05:00

PHOENIX, March 7, 2011 /PRNewswire/ -- CX Inc. (which is an iteration of "cloud experience"), a consumer-focused cloud computing company backed by TomorrowVentures (tomorrowvc.com) the personal investment vehicle of Eric Schmidt, CEO of Google, and Hanna Capital (www.hannacapitalllc.com), officially announced its entrance into the Cloud Space. In generic terms, 'The Cloud' refers to the Internet as a whole. In a Cloud Service environment, data is stored and accessed through off-site...

2011-03-07 07:10:00

Larry Page, co-founder of Google Inc., is taking a more visible and stronger turn at the helm of the internet giant in a move to keep ahead of upstart players such as Facebook and Twitter. The Silicon Valley company isn't waiting for the chief executive chair to be vacated in April by Eric Schmidt. Page has hit the ground running by tapping into the energy of other quick-thinking and fast-acting entrepreneurs bought with Google's sizable war chest. "Any engagement that Google can have with...

2011-03-06 08:55:00

Google's Chief Executive Eric Schmidt announced Friday that Brazil is on its way to becoming the company's sixth largest global market, as it opens new offices in the Latin American country.The top dog in Internet search saw its revenue in the region surge in 2010 riding the waves of economic growth, with countries showing growth of 50-100 percent last year."That means you're almost doubling (revenue) every year," Schmidt told Reuters at its company office in Buenos Aires. "That's a lot due...

2011-02-17 13:36:00

WASHINGTON, Feb. 17, 2011 /PRNewswire-USNewswire/ -- Consumer Watchdog told the Senate Judiciary Committee that it is "deeply distressed to learn that President Obama is meeting with Google CEO Eric Schmidt today behind closed doors as the Justice Department is poised to render its decision on Google's acquisition of ITA, which has caused deep concern within in the travel industry about Google's ability to drive out competitors in the online airline booking industry." The President is...

Word of the Day
  • One of a religious order living in a convent or in community; a monk: opposed to anchoret or hermit (one who lives in solitude).
  • A social bee.
This word comes from the Latin 'coenobium,' convent, which comes from the Greek 'koinobios,' living in community.