The thing that people seem to miss about not just Google, but also our competitors, Yahoo, eBay and so forth, is that there’s an awful lot of communities that have never been served by traditional media.
Meaning of the quote
Many people don't realize that not just Google, but other companies like Yahoo and eBay, can reach and serve communities that traditional media, like newspapers and TV, have never reached before. These companies have the ability to connect with a lot of different groups of people who haven't been able to find the information and services they need from traditional sources.
About Eric Schmidt
Eric Schmidt is an American businessman and former software engineer who served as the CEO of Google from 2001 to 2011. He has a net worth of $32 billion and has been involved in various boards and advisory roles, including campaigning for Barack Obama and founding the philanthropic venture Schmidt Futures.
More quotes from Eric Schmidt
The thing that people seem to miss about not just Google, but also our competitors, Yahoo, eBay and so forth, is that there’s an awful lot of communities that have never been served by traditional media.
software engineer, businessman, former Google CEO
We weren’t here to hope and hang on. We wanted to win.
software engineer, businessman, former Google CEO
We want to make sure the thing you’re looking for is on Google 100 percent of the time.
software engineer, businessman, former Google CEO
Half of Google’s revenue comes from selling text-based ads that are placed near search results and are related to the topic of the search. Another half of its revenues come from licensing its search technology to companies like Yahoo.
software engineer, businessman, former Google CEO
The Internet is really about highly specialized information, highly specialized targeting.
software engineer, businessman, former Google CEO
The Internet is the first thing that humanity has built that humanity doesn’t understand, the largest experiment in anarchy that we have ever had.
software engineer, businessman, former Google CEO
When the Internet publicity began, I remember being struck by how much the world was not the way we thought it was, that there was infinite variation in how people viewed the world.
software engineer, businessman, former Google CEO
People are surprised to find out that an awful lot of people think that they’re idiots.
software engineer, businessman, former Google CEO