Eric Schmidt: We're Not Making A Facebook Rival

eric schmidt google AP

CEO Eric Schmidt tried to shoot down the idea that Google was building a stand alone social networking site yesterday.

Schmidt says the company will just add layers of social features to current products offered.

Reuters quotes him saying, “If you think about it, it’s obvious. With your permission, knowing more about who your friends are, we can provide more tailored recommendations. Search quality can get better.”

He also said, “Everybody has convinced themselves that there’s some huge project about to get announced next week. And I can assure you that’s not the case,”

So, that’s that? No Google Me, no Facebook killer? How boring.

See Also: The Real Reason Google Is Worried About Facebook

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at