Google Inc. (NASDAQ:GOOG) has decided to finish its Buzz social networking tool, in favour of its newer Google+ product.
Google Inc. (NASDAQ:GOOG) announced that it has decided to end its unpopular social networking tool Buzz as it focuses on its newly launched fast-growing social network Google+.
The company will close the 20-month-old Buzz within weeks.
Google Inc. (NASDAQ:GOOG) vice president Bradley-Horowitz said, “Changing the world takes focus on the future, and honesty about the past. We learned a lot from products like Buzz, and are putting that learning to work every day in our vision for products like Google Plus”.
Google Inc. (NASDAQ:GOOG) stocks were at 591.68 at the end of the last day’s trading. There’s been a -1.0% change in the stock price over the past 3 months.
Google Inc. (NASDAQ:GOOG) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.18
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.26
Zack’s Rank: 10 out of 31 in the industry