Google's Schmidt Admits Ignoring Social Was A Mistake

I have posted quite alot about how google is going to become increasingly threatened by the position facebook has carved out.   Well....apparently so is Dr Eric Schmidt google's ex CEO.   Schmidt is a smart dude but I do think we can all agree that he missed the boat on this one and has allowed a serious competitor to arise.   Lesson learned google but what now?  Here is a link to the wired article