Social Networking and Beyond

The whole social networking space has been hard for Google to monetize,CEO Eric Schmidt said.The development of advertising tools and platforms on MySpace has been difficult for Google,and it's working on that.Eventually, there will be five billion phones for six billion people.There will be small phones,big phones,fast networks wherever we go.The Internet is growing faster outside the U.S.;so is advertising,so revenue should grow faster there.Europe has been Google's stronghold for a long time.Now Google is doing well in Japan and nicely in China.Google has 50 development centers worldwide,Mr.Schmidt noted.