Google is set to give the online coupon service Groupon some competition.
At a conference of tech companies in California yesterday, Google Executive Chairman Eric Schmidt officially launched “Google Offers.” Schmidt told his audience the service will involve thousands of merchants and will be linked to Google’s coming payment system that lets users tap smartphones to pay for products at the checkout counter. Schmidt also confessed his company tried, unsuccessfully, to team up with Facebook at one time. He said the popular social networking site rebuffed his effort.
Google generated about 29-billion dollars in gross revenues last year but faces big challenges from sites like Facebook and Groupon. Google has seen a huge success with its Android software which is now the number-one smartphone operating system