Facebook? Google is the next Google
Only in the fickle world of technology can a company with a market value of $200 billion and nearly 20% sales growth be considered yesterday's news. But with Wall Street, Silicon Valley and the media currently in a full-blown "all Facebook, all the time" mode, the latest fashion is to declare that Google is no longer relevant.
Piper Jaffray analyst Gene Munster made waves earlier this week when he said in a Bloomberg TV interview that Google has "given up" on social media and that for job seekers in tech, Facebook is what Google was five years ago. Google is now more like Microsoft, in his view. But to underestimate Google would be a colossal mistake. And interestingly enough, it looks like investors aren't completely buying into all the "Facebook is the new Google" hype. The success of Android -- which is being used in phones and tablets made by the likes of Motorola Mobility, Dell , Samsung and HTC, to name a few -- is a key reason why Google may continue to be a great growth company (and stock) for years to come.
Facebook? Google is the next Google