Google already has made major and successful investments in mapping, local search, mobility, geo-location and navigation, for example. It also has made investments in location-based services that haven't gotten traction.
CEO Eric Schmidt recently has been talking up the synergies between mobility, local search and social networking.
“Foursquare and Gowalla are pretty impressive," says Google CEO Eric Schmidt. "They show you the power of mobile,social and local,” Schmidt said.
“Google will play in that market in a lot of ways,” Schmidt added.
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