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nities in the country. "Italy, like other countries where BNP Paribas already operates, like India, Brazil and Turkey, has great potential growth in several sectors like fashion, mechanics and infrastructure," BNL Chief Executive Fabio Gallia said on the sidelines of a presentation on the Indian market. BNL was acquired by the French banking giant in 2than 500 million users who shares billions of links, posts and photos each month.
Facebook's growing popularity is becoming more nettlesome for Google.
As Facebook's audience grows, it is attracting more online advertising and stunting Google's financial growth. Perhaps even more troubling to Google, much of the information on Facebook's website can't be indexed by Google's search engine. That restriction threatens to make Google's less useful as more people form social circles online and could make it more difficult to get a handle on personal preferences so it can do a better job selling ads.
Schmidt said the company has been working hard to solve this "identity" problem. "I think the industry as a whole would benefit from an alternative" to Facebook's network, Schmidt said.
Google has tried to negotiate partnerships with Facebook, Schmidt said, only to be repeatedly rebuffed. He said Facebook has preferred teaming up with another Google rival, Microsoft Corp., which owns a 1.6 percent stake in Facebook. Google also has ties to Facebook; one of its former executives, Sheryl Sandberg, is Facebook's chief operating officer.
Just before Page became CEO, Google introduced its version of Facebook's ubiquitous "Like" button to enable Web surfers to endorse search results and ads. Google's recommendation button, called "+1," is expected to be expanded to other websites Wednesday, according to the Techcrunch blog and industry newsletter Search Engine Land. Schmidt didn't mention a timetable for expanding Google's +1 button.
Google used Tuesday's conference to announce the launch of another networking service that will offer discounts from restaurants and other merchants if enough people agree to buy the coupons. The service, called "Google Offers," is based on the daily deals offered by Groupon, which Google unsuccessfully tried to buy last year. Google's offers initially will be available only in Portland, Ore., before expanding to New York and the San Francisco Bay area later this year. The offers are part of a new mobile payment service Google unveiled last week.
Schmidt views Google and Facebook as part of a powerful "gang of four" that's building influential platforms for selling a variety of products and services to consumers. The others, according to Schmidt, are iPhone and iPad maker Apple
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