Google boss too much of a Schmidt for social media

Did not see it coming

Google boss Eric Schmidt has admitted that the biggest mistake he made was not seeing social networking coming. Schmidt said that it was not a mistake he was going to make again.

“In our defense, we were working on many other things, but we should have been in that area and I take responsibility for that,” Schmidt said.

He is now predicting a continued explosion in mobile usage because now the The biggest change for consumers is that everyone is going to have a smartphone.

“The fact that so many people are connected to a super computer means, essentially, a whole new generation of applications around entertainment, communication, socializing,” Schmidt said.

The interview can be seen after the break.