Yesterday was a big day for Google. The company launched a wave of new and updated products, but the focus was clearly on the (unexpected) launch of Google+. Until now, Google forays into social networking were generally lackluster (except for in Brazil, where Orkut continues to be popular). After the failure of Buzz, Google+ is the company’s most ambitious social networking play yet. After spending a day with the product, it’s clear that Google’s teams learned from the mistakes they made with Buzz and finally put together a social networking service that can compete.
Facebook co-founder and CEO Mark Zuckerberg just told a group of aspiring entrepreneurs at Y Combinator’s Startup School that he expects to invest most of the money Facebook is currently making back into the business. According to him, it currently “doesn’t make sense to make a massive profit,” as Facebook is already able to provide the necessary incentives to keep and motivate its employees.