Eric Schmidt: Google 'Unlikely' to Buy Twitter

| About: Alphabet Inc. (GOOG)

It must be Google (NASDAQ:GOOG) Week on Charlie Rose. Thursday, Rose interviewed product chief Marissa Mayer, and last night he had an hour-long conversation with CEO Eric Schmidt (see above). The wide-ranging interview touches upon everything from Google’s origins and how it fell upon its advertising business model by accident to how search and other technologies will change society over the next twenty years.

Asked if Google wants to buy Twitter, Schmidt responded: “We’re unlikely to buy anything in the short term partly because I think prices are still high.”

And echoing Mayer’s earlier enthusiasm for all things mobile, Schmidt painted a picture of Android-powered devices turning into TVs (and disrupting the current TV model):

It’s worth noting, by the way, that if you imagine the power of these mobile devices over a five or 10 year period, they must be possible to do almost everything that we do today with other means . . . . It should be possible to watch television and watch your show routinely on these devices, in very high quality. The technology is just getting there. And when that occurs, it’s a different experience because it’s a personal experience. When I turn on the television, it shows the same shows that I saw yesterday and I watch them and it doesn’t know that I watched them yesterday. What a foolish television. Why is it not smarter?

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