Steve Lohr for the New York Times:
Mr. Schmidt asserts that Google’s search and advertising marketplace “helped generate $64 billion in economic activity for hundreds of thousands of small businesses throughout the United States.”
That’s a ton of money. Schmidt also says that most of the complaints that led to the antitrust investigations came from Web sites that don’t like where they place in Google’s search results.
Interesting. How? How does Google ‘generate economic activity’ for small businesses?
Search, advertising …
I wonder how much economic activity GPS units ‘generate’ when people use them to search for a place to eat or shop.
How does Google come up with any figure for how much business is attributable to its advertising? Let’s see the proof.
Google is just marketing their ad services by claiming a $64B effect.