Marketplace has a new podcast for kids, "Million Bazillion!" EPISODE OUT NOW
Codebreaker

Schmidt to Senate, "Aw shucks"

John Moe Nov 7, 2011

According to a letter recently made public by the Senate Judiciary Antitrust Subcommittee, Google Executive Chairman Eric Schmidt did his best to play down the company’s dominance in the search industry. Schmidt went so far as to say Google might be behind the eight ball, when it comes to Apple’s new voice-command software, Siri.

From PCmag.com

In backtracking on a quote in which he said Apple was not a competitive threat, Schmidt pointed to Siri, which he called a ‘significant development. He went on to say that ‘Google has many strong competitors and we sometimes fail to anticipate the competitive threat posed by new methods of accessing information.'” Schmidt was answering questions stemming from his appearance before the subcommittee in September. There were more questions than the initial date had time for, and some senators submitted questions for Schmidt in writing.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.